PYPL is trading at its lowest level since November
PayPal Holdings Inc (NASDAQ:PYPL) stock is down 9.9% to trade at $80.61 at last check, brushing off a top- and bottom-line beat for the fourth quarter due to contracting margins. The fintech giant also announced an upbeat 2025 forecast amid Venmo growth.
PYPL is on track for its worst single-day percentage loss since in about a year, and earlier fell to $80,20, its lowest level since November. The shares still sport a 31.5% year-over-year lead, though, and long-term support from their 120-day moving average could contain today's losses.
The options pits are buzzing, with 130,000 calls and 48,000 puts exchanged so far today, which is eight times the intraday average volume. The most popular contract is the weekly 2/7 90-strike call, where new positions are being sold to open.
Now looks like an great time to weigh in with options. This is per the stock's Schaeffer's Volatility Scorecard (SVS) sits at a low 6 out of 100, making it a prime premium-selling candidate.