PayPal Shares Rise 3.61% to $44.74
Moderately bullish activity in PayPal (PYPL), with shares up $1.56, or 3.61%, near $44.74. Options volume roughly in line with average with 29k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.56. Implied volatility (IV30) is higher by 2.0 points near 48.56,in the top quartile of the past year, suggesting an expected daily move of $1.37. Put-call skew steepened, indicating increased demand for downside protection.
