Mixed options sentiment in PayPal (PYPL), with shares down $3.35 near $69.67. Options volume running well above average with 392k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.34. Implied volatility (IV30) is higher by 1.2 points near 37.71,and above the 52wk median, suggesting an expected daily move of $1.65. Put-call skew steepened, indicating increased demand for downside protection.
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