Moderately bullish activity in PayPal with shares down 1.53%

Moderately bullish activity in PayPal (PYPL), with shares down $1.04 near $66.82. Options volume running well above average with 126k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 2.1 points near 33.4,and above the 52wk median, suggesting an expected daily move of $1.41. Put-call skew flattened, suggesting a modestly bullish tone.