
PayPal Holdings (PYPL) shows unusually large call options activity today based on a Barchart report. This may be the result of the company's recent Q3 earnings report where it reported huge adjusted free cash flow (FCF). As a result, based on its high FCF margins, PYPL stock could be worth well over 50% more. This explains the large call option activity.
Here is what the Barchart Unusual Stock Options Activity Report for Nov. 15 shows. Over 9,000 call option contracts have traded at the $60 strike price, just over $2.00 higher than the spot price of about $58.00. The expiration period is Dec. 29, 2023, or 44 days from now.