PayPal Holdings (NASDAQ:PYPL) Stock

PayPal Holdings

PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 434 million active accounts at the end of 2024. The company also owns Venmo, a person-to-person payment platform.

PayPal Holdings Inc

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UWMC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$4.00</td>
<td>$40.7K</td>
<td>4.0K</td>
<td>5.4K</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$44.00</td>
<td>$28.3K</td>
<td>3.9K</td>
<td>607</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$55.00</td>
<td>$76.3K</td>
<td>8.2K</td>
<td>584</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$62.50</td>
<td>$58.5K</td>
<td>1.9K</td>
<td>302</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$11.00</td>
<td>$37.9K</td>
<td>975</td>
<td>230</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$245.00</td>
<td>$60.2K</td>
<td>1.6K</td>
<td>229</td>
</tr>
<tr>
<td>FI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$205.00</td>
<td>$28.0K</td>
<td>5</td>
<td>190</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$70.00</td>
<td>$28.5K</td>
<td>6.2K</td>
<td>127</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/25/25</td>
<td>$165.00</td>
<td>$49.0K</td>
<td>44</td>
<td>113</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$260.00</td>
<td>$50.1K</td>
<td>83</td>
<td>60</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For UWMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UWMC#NYSE">UWMC</a>), we notice a put option sweep that happens to be bullish, expiring in 29 day(s) on May 16, 2025. This event was a transfer of 2700 contract(s) at a $4.00 strike. This particular put needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $40.7K, with a price of $15.0 per contract. There were 4026 open contracts at this strike prior to today, and today 5478 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 105 contract(s) at a $44.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $28.3K, with a price of $270.0 per contract. There were 3995 open contracts at this strike prior to today, and today 607 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a put option sweep with bearish sentiment. It expires in 64 day(s) on June 20, 2025. Parties traded 565 contract(s) at a $55.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $76.3K, with a price of $135.0 per contract. There were 8236 open contracts at this strike prior to today, and today 584 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a put option sweep with bullish sentiment. It expires in 246 day(s) on December 19, 2025. Parties traded 70 contract(s) at a $62.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $58.5K, with a price of $836.0 per contract. There were 1934 open contracts at this strike prior to today, and today 302 contract(s) were bought and sold. 
• Regarding NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we observe a call option trade with bearish sentiment. It expires in 155 day(s) on September 19, 2025. Parties traded 230 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $37.9K, with a price of $165.0 per contract. There were 975 open contracts at this strike prior to today, and today 230 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a put option sweep with bullish sentiment. It expires in 64 day(s) on June 20, 2025. Parties traded 35 contract(s) at a $245.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $60.2K, with a price of $1720.0 per contract. There were 1651 open contracts at this strike prior to today, and today 229 contract(s) were bought and sold. 
• Regarding FI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on April 25, 2025. Parties traded 60 contract(s) at a $205.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $457.0 per contract. There were 5 open contracts at this strike prior to today, and today 190 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bearish, expiring in 274 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $570.0 per contract. There were 6299 open contracts at this strike prior to today, and today 127 contract(s) were bought and sold. 
• Regarding COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we observe a call option trade with neutral sentiment. It expires in 8 day(s) on April 25, 2025. Parties traded 100 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $49.0K, with a price of $490.0 per contract. There were 44 open contracts at this strike prior to today, and today 113 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a call option sweep that happens to be neutral, expiring in 92 day(s) on July 18, 2025. This event was a transfer of 33 contract(s) at a $260.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $50.1K, with a price of $1520.0 per contract. There were 83 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

HOOD

PYPL

UWMC

10 Financials Stocks With Whale Alerts In Today's Session

On Thursday, Seaport Global analyst Jeff Cantwell downgraded two companies — PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) and Bill Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>) — as he has lost confidence that either will eventually meet their previously stated guidance in this new paradigm.
PayPal went <a href="https://www.benzinga.com/quote/PYPL/analyst-ratings" target="_blank" rel="noreferrer noopener">from Neutral to Sell</a> and Bill went <a href="https://www.benzinga.com/quote/BILL/analyst-ratings" target="_blank" rel="noreferrer noopener">from Buy to Neutral</a>.
What Happened: Cantwell adjusted his numbers and price targets lower across the board <a href="https://www.benzinga.com/fintech" target="_blank" rel="noreferrer noopener">in Fintech ahead</a> of earnings. This reflects how this new, emerging &#8216;tariff-heavy&#8217; paradigm will eventually impact names under his coverage.
Federal Reserve Chair Jerome Powell also signals that the Fed can&#8217;t help, at least not yet. Therefore, most of the adjustments to his numbers also hone in on the back half of fiscal 2025 and 2026.
While first-quarter results should be benign, Cantwell now expects consumer and business spending to eventually start to slow in response to the tariffs&#8217; disruptive effect, likely by the summer months at the latest.
Also Read: <a href="https://www.benzinga.com/25/02/43475080/paypal-beats-q4-estimates-as-transaction-margins-and-payment-volume-drive-growth-eyes-2025-growth-with-strong-tmd-eps-outlook-ahead-of-investor-day-analyst" target="_blank" rel="noreferrer noopener">PayPal Transaction Margins and Payment Volume Drive Growth, Eyes 2025 Growth With Strong TMD Ahead of Investor Day: Analyst</a>
Why It Matters: The analyst predicts PayPal will struggle to meet its medium-term guidance at Investor Day. Cantwell projected fiscal 2025 revenue of $32.68 billion and EPS of $4.95.
For Bill, he noted the downside to its guide of 20% core revenue growth in fiscal 2026.
For both companies, his updated forecasts are now below consensus.
Regarding the stocks, Fintech has been selling off in recent weeks, and valuations again look fairly reasonable at 3.9 times NTM EV/Sales, 10.9 times EV/EBITDA, and 17.9 times EPS (all medians).
Given that first-quarter results generally reflect a positive fundamental backdrop for Fintech, Cantwell noted investors could see a near-term rebound (&#8216;relief rally&#8217;). However, given his expectation for heightened stock volatility and downside risk to consensus EPS in the near term, he noted investors should be prudent/selective buyers.
For Bill, Cantwell projected fiscal 2025 revenue of $1.45 billion and EPS of $1.93.
Price Actions: PayPal stock is up by 0.85% at $60.76 at last check Thursday. Bill is down 1.88%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/04/44862333/american-express-q1-card-spending-strong-ceo-maintains-annual-outlook-contingent-on-economic-climate" target="_blank" rel="noreferrer noopener">Amex CEO Says Consumers Still Spending Freely: So Why Is the Stock Sliding?</a></li>
</ul>
Image: Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

News

Downgrades

Price Target

Analyst Ratings

Trading Ideas

BILL

PayPal, Bill Holdings Downgraded As Analyst 'Loses Confidence'

Seaport Global analyst Jeff Cantwell downgrades PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) from Neutral to Sell and announces $49 price target.

Seaport Global Downgrades PayPal Holdings to Sell, Announces $49 Price Target

Analysts' ratings for PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) over the last quarter vary from bullish to bearish, as provided by 14 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">5</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $89.29, with a high estimate of $125.00 and a low estimate of $65.00. Highlighting a 10.43% decrease, the current average has fallen from the previous average price target of $99.69. 
<img src="https://www.benzinga.com/files/images/story/2025/1744833641_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of PayPal Holdings by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;------------------------&#x7C;---------------&#x7C;-----------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Andrew Bauch &#x7C;Wells Fargo &#x7C;Lowers &#x7C;Equal-Weight &#x7C; $74.00&#x7C;$80.00 &#x7C; 
&#x7C;Ramsey El-Assal &#x7C;Barclays &#x7C;Lowers &#x7C;Overweight &#x7C; $80.00&#x7C;$110.00 &#x7C; 
&#x7C;Jason Kupferberg &#x7C;B of A Securities &#x7C;Lowers &#x7C;Buy &#x7C; $93.00&#x7C;$103.00 &#x7C; 
&#x7C;Adam Frisch &#x7C;Evercore ISI Group &#x7C;Announces &#x7C;In-Line &#x7C; $65.00&#x7C;- &#x7C; 
&#x7C;Gus Gala &#x7C;Monness, Crespi, Hardt &#x7C;Lowers &#x7C;Buy &#x7C; $90.00&#x7C;$120.00 &#x7C; 
&#x7C;Sanjay Sakhrani &#x7C;Keefe, Bruyette &amp; Woods &#x7C;Lowers &#x7C;Outperform &#x7C; $85.00&#x7C;$104.00 &#x7C; 
&#x7C;Arvind Ramnani &#x7C;Piper Sandler &#x7C;Lowers &#x7C;Neutral &#x7C; $76.00&#x7C;$85.00 &#x7C; 
&#x7C;James Faucette &#x7C;Morgan Stanley &#x7C;Raises &#x7C;Equal-Weight &#x7C; $80.00&#x7C;$79.00 &#x7C; 
&#x7C;Andrew Boone &#x7C;Citizens Capital Markets&#x7C;Maintains &#x7C;Market Outperform&#x7C; $125.00&#x7C;$125.00 &#x7C; 
&#x7C;Paul Golding &#x7C;Macquarie &#x7C;Raises &#x7C;Outperform &#x7C; $117.00&#x7C;$115.00 &#x7C; 
&#x7C;Colin Sebastian &#x7C;Baird &#x7C;Lowers &#x7C;Outperform &#x7C; $95.00&#x7C;$100.00 &#x7C; 
&#x7C;Ashwin Shirvaikar &#x7C;Citigroup &#x7C;Raises &#x7C;Buy &#x7C; $98.00&#x7C;$97.00 &#x7C; 
&#x7C;James Faucette &#x7C;Morgan Stanley &#x7C;Lowers &#x7C;Equal-Weight &#x7C; $79.00&#x7C;$90.00 &#x7C; 
&#x7C;Arvind Ramnani &#x7C;Piper Sandler &#x7C;Raises &#x7C;Neutral &#x7C; $93.00&#x7C;$88.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to PayPal Holdings. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of PayPal Holdings compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of PayPal Holdings's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of PayPal Holdings's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PYPL/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on PayPal Holdings analyst ratings.</a>
<h2>Delving into PayPal Holdings's Background</h2>
PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 434 million active accounts at the end of 2024. The company also owns Venmo, a person-to-person payment platform.
<h3>Unraveling the Financial Story of PayPal Holdings</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: PayPal Holdings's remarkable performance in 3M is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 4.24%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: PayPal Holdings's net margin is impressive, surpassing industry averages. With a net margin of 13.4%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): PayPal Holdings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 5.52%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): PayPal Holdings's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.36%, the company may face hurdles in achieving optimal financial returns.
Debt Management: PayPal Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.48.
<h2>The Basics of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantag">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About PayPal Holdings Stock

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$100.00</td>
<td>$44.8K</td>
<td>1.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$65.00</td>
<td>$31.2K</td>
<td>6.5K</td>
<td>740</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$120.00</td>
<td>$26.5K</td>
<td>6.0K</td>
<td>382</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$67.50</td>
<td>$28.4K</td>
<td>3.9K</td>
<td>324</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$2.50</td>
<td>$664.9K</td>
<td>1.9K</td>
<td>301</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$62.50</td>
<td>$38.1K</td>
<td>521</td>
<td>129</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$255.00</td>
<td>$35.3K</td>
<td>611</td>
<td>111</td>
</tr>
<tr>
<td>ALL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$195.00</td>
<td>$90.0K</td>
<td>127</td>
<td>102</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$175.00</td>
<td>$30.3K</td>
<td>0</td>
<td>60</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$450.00</td>
<td>$27.1K</td>
<td>117</td>
<td>19</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on April 17, 2025. Parties traded 115 contract(s) at a $100.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $44.8K, with a price of $390.0 per contract. There were 1298 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option trade that happens to be bullish, expiring in 275 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $625.0 per contract. There were 6548 open contracts at this strike prior to today, and today 740 contract(s) were bought and sold. 
• Regarding MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we observe a call option sweep with bullish sentiment. It expires in 65 day(s) on June 20, 2025. Parties traded 130 contract(s) at a $120.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $204.0 per contract. There were 6034 open contracts at this strike prior to today, and today 382 contract(s) were bought and sold. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a put option sweep with bullish sentiment. It expires in 156 day(s) on September 19, 2025. Parties traded 40 contract(s) at a $67.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.4K, with a price of $710.0 per contract. There were 3976 open contracts at this strike prior to today, and today 324 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be neutral, expiring in 65 day(s) on June 20, 2025. This event was a transfer of 39 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $664.9K, with a price of $17050.0 per contract. There were 1933 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a put option trade with bearish sentiment. It expires in 121 day(s) on August 15, 2025. Parties traded 57 contract(s) at a $62.50 strike. The total cost received by the writing party (or parties) was $38.1K, with a price of $670.0 per contract. There were 521 open contracts at this strike prior to today, and today 129 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a put option trade that happens to be bullish, expiring in 1 day(s) on April 17, 2025. This event was a transfer of 61 contract(s) at a $255.00 strike. The total cost received by the writing party (or parties) was $35.3K, with a price of $580.0 per contract. There were 611 open contracts at this strike prior to today, and today 111 contract(s) were bought and sold. 
• Regarding ALL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), we observe a put option trade with bearish sentiment. It expires in 65 day(s) on June 20, 2025. Parties traded 100 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $90.0K, with a price of $900.0 per contract. There were 127 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a put option sweep with bearish sentiment. It expires in 219 day(s) on November 21, 2025. Parties traded 60 contract(s) at a $175.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $30.3K, with a price of $505.0 per contract. There were 0 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option trade that happens to be bearish, expiring in 9 day(s) on April 25, 2025. This event was a transfer of 5 contract(s) at a $450.00 strike. The total cost received by the writing party (or parties) was $27.1K, with a price of $5437.0 per contract. There were 117 open contracts at this strike prior to today, and today 19 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COIN

10 Financials Stocks Whale Activity In Today's Session

Wells Fargo analyst Andrew Bauch maintains PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) with a Equal-Weight and lowers the price target from $80 to $74.

Wells Fargo Maintains Equal-Weight on PayPal Holdings, Lowers Price Target to $74

David Sacks, the South African-American tech investor widely recognized for his role in building companies like PayPal (NASDAQ PYPL), appeared on a recent episode of the All-In Podcast, where he delivered a biting critique of America's decades-long support for free trade. 
What Happened: Sacks argued that the <a href="https://www.benzinga.com/markets/25/04/44789113/trumps-trade-war-may-lead-to-gops-massive-downfall-in-2026-warn-republican-senators">bipartisan consensus </a>on globalization neglected to take its long-term consequences into account, and praised President Donald Trump for posing a challenge to that orthodoxy.
In his view, both Republicans and Democrats in Washington approached "unfettered free trade" as an unquestioned good. He mentioned massive trade deficits, the rise of China's economic power, and the <a href="https://www.benzinga.com/news/25/04/44816385/joe-rogan-says-ross-perot-was-right-american-manufacturing-collapsed-because-greedy-executives-sent-jobs-overseas">offshoring of millions of U.S. factory jobs </a>as proof of the policy's drawbacks.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">David Sacks: The Decades-Long Bipartisan Consensus on Free Trade was a Mistake<a href="https://twitter.com/DavidSacks?ref_src=twsrc%5Etfw">@DavidSacks</a> on E223:  &quot;We&#39;ve had a bipartisan consensus in Washington for decades that unfettered free trade is a good thing.&quot; &quot;No matter how big our trade deficits got, no matter how rich and… <a href="https://t.co/sSdo67vMaf">pic.twitter.com/sSdo67vMaf</a>
&mdash; The All-In Podcast (@theallinpod) <a href="https://twitter.com/theallinpod/status/1911467691031790005?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/news/25/04/44717591/im-a-fan-of-free-trade-robinhood-ceo-vlad-tenev-expects-tariff-madness-to-be-resolved-before-too-long"> &#8216;I&#8217;m A Fan Of Free Trade&#8217;: Robinhood CEO Vlad Tenev Expects Tariff Madness To Be Resolved &#8216;Before Too Long</a>
Why It Matters: Sacks said that general opinion has changed, in part because <a href="https://www.benzinga.com/markets/25/04/44660007/mark-cuban-says-between-free-trade-elon-musk-and-full-tariff-trump-it-is-the-president-who-will-win-as-st">Trump reframed the conversation</a>. He highlighted Trump as "one of the few public figures" who warned about the consequences of open markets and unfair trade practices. According to him, "most people today would say he was right about this."
With <a href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle">China now facing up to 245% tariffs</a> as per the latest update from the White House, Sacks' comments indicate a turning point in how free trade is approached in Washington. While Trump's tariff policies have been polarizing, Sacks sees them as a necessary shift for the benefit of the U.S. economy.
Read Next: <a href="https://www.benzinga.com/news/global/25/04/44754763/obama-era-treasury-secretary-larry-summers-rejects-china-cheating-at-trade-narrative-we-get-ev-batteries-for-pieces-of-paper-its-a-good-deal">Obama-Era Treasury Secretary Larry Summers Rejects China &#8216;Cheating&#8217; At Trade Narrative: We Get EV Batteries For &#8216;Pieces Of Paper&#8217; — It&#8217;s A Good Deal</a>
Image via Shutterstock

Politics

Economics

General

Crypto Czar David Sacks Says Trump Was 'Right About This' As He Slams Washington's Bipartisan Consensus On 'Unfettered Free Trade'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$75.00</td>
<td>$43.7K</td>
<td>14.8K</td>
<td>2.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$38.00</td>
<td>$38.1K</td>
<td>20.7K</td>
<td>1.3K</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$220.00</td>
<td>$26.1K</td>
<td>1.2K</td>
<td>874</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/21/25</td>
<td>$67.50</td>
<td>$49.1K</td>
<td>206</td>
<td>694</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$2.50</td>
<td>$51.5K</td>
<td>9.1K</td>
<td>211</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$60.00</td>
<td>$34.4K</td>
<td>4.5K</td>
<td>132</td>
</tr>
<tr>
<td>BK</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/30/25</td>
<td>$79.00</td>
<td>$27.0K</td>
<td>0</td>
<td>75</td>
</tr>
<tr>
<td>WAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$50.00</td>
<td>$51.5K</td>
<td>264</td>
<td>58</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/30/25</td>
<td>$530.00</td>
<td>$25.8K</td>
<td>3</td>
<td>42</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$80.00</td>
<td>$72.0K</td>
<td>1.1K</td>
<td>2</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bearish sentiment. It expires in 31 day(s) on May 16, 2025. Parties traded 2289 contract(s) at a $75.00 strike. This particular call needed to be split into 54 different trades to become filled. The total cost received by the writing party (or parties) was $43.7K, with a price of $19.0 per contract. There were 14890 open contracts at this strike prior to today, and today 2552 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on May 16, 2025. Parties traded 300 contract(s) at a $38.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $38.1K, with a price of $127.0 per contract. There were 20735 open contracts at this strike prior to today, and today 1370 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a put option sweep with bullish sentiment. It expires in 31 day(s) on May 16, 2025. Parties traded 69 contract(s) at a $220.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $378.0 per contract. There were 1244 open contracts at this strike prior to today, and today 874 contract(s) were bought and sold. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a call option trade with bullish sentiment. It expires in 220 day(s) on November 21, 2025. Parties traded 87 contract(s) at a $67.50 strike. The total cost received by the writing party (or parties) was $49.1K, with a price of $565.0 per contract. There were 206 open contracts at this strike prior to today, and today 694 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be neutral, expiring in 276 day(s) on January 16, 2026. This event was a transfer of 3 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $51.5K, with a price of $17192.0 per contract. There were 9113 open contracts at this strike prior to today, and today 211 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a put option sweep that happens to be bearish, expiring in 66 day(s) on June 20, 2025. This event was a transfer of 97 contract(s) at a $60.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $355.0 per contract. There were 4535 open contracts at this strike prior to today, and today 132 contract(s) were bought and sold. 
• Regarding BK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), we observe a put option trade with neutral sentiment. It expires in 45 day(s) on May 30, 2025. Parties traded 75 contract(s) at a $79.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $360.0 per contract. There were 0 open contracts at this strike prior to today, and today 75 contract(s) were bought and sold. 
• For WAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), we notice a call option trade that happens to be bearish, expiring in 276 day(s) on January 16, 2026. This event was a transfer of 25 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $51.5K, with a price of $2062.0 per contract. There were 264 open contracts at this strike prior to today, and today 58 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option sweep that happens to be neutral, expiring in 45 day(s) on May 30, 2025. This event was a transfer of 15 contract(s) at a $530.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $1744.0 per contract. There were 3 open contracts at this strike prior to today, and today 42 contract(s) were bought and sold. 
• For UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we notice a call option sweep that happens to be bearish, expiring in 276 day(s) on January 16, 2026. This event was a transfer of 180 contract(s) at a $80.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $72.0K, with a price of $400.0 per contract. There were 1175 open contracts at this strike prior to today, and today 2 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

UPST

Barclays analyst Ramsey El-Assal maintains PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) with a Overweight and lowers the price target from $110 to $80.

Barclays Maintains Overweight on PayPal Holdings, Lowers Price Target to $80

PayPal Holdings Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) first-quarter results are "unlikely to be positive catalyst, according to BofA Securities.  
The PayPal Holdings Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/584847d9ee7bf6000154d225/christopher-horvers">Analyst Jason Kupferberg</a> reiterated a Buy rating, while cutting the price target from $103 to $93.
The PayPal Holdings Thesis: While the company is likely to report its first-quarter results in-line with Street expectation, branded TPV (total payment volume) growth could come in at the lower end of the full-year mid-single-digit range, with "macro risks building," Kupferberg said in the note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
"Measurable progress against strategic initiatives to accelerate branded TPV is key to turning around weak sentiment, and 1Q is unlikely to be the quarter when this happens, especially amid macro turmoil," the analyst wrote.
The downside risks to PayPal's 2025 guidance "have become more pronounced," as macro uncertainty could impact consumer discretionary spend, which constitutes most of the company's volume, while tariffs may impact "higher-yielding cross-border volumes (12% of TPV)," he added.
PYPL Price Action: Shares of PayPal had declined by 0.99% to $61.97 at the time of publication on Monday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/content/44710543/paypal-stock-too-cheap-to-ignore-too-strong-to-miss">PayPal Stock: Too Cheap to Ignore, Too Strong to Miss </a></li>
</ul>
Image: Shutterstock

Analyst Color

Previews

Reiteration

Why This PayPal Analyst Cut Price Target Ahead Of Q1 Results

PayPal Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NYSE">PYPL</a>) short percent of float has fallen 11.29% since its last report. The company recently reported that it has 28.33 million shares sold short, which is 2.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>PayPal Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744635650_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PayPal Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing PayPal Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, PayPal Holdings's peer group average for short interest as a percentage of float is 5.71%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What's Driving the Market Sentiment Around PayPal Holdings?

B of A Securities analyst Jason Kupferberg maintains PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) with a Buy and lowers the price target from $103 to $93.

B of A Securities Maintains Buy on PayPal Holdings, Lowers Price Target to $93

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$40.00</td>
<td>$46.8K</td>
<td>7.3K</td>
<td>9.7K</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$70.00</td>
<td>$72.4K</td>
<td>15.2K</td>
<td>5.1K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$36.00</td>
<td>$39.6K</td>
<td>2.7K</td>
<td>3.2K</td>
</tr>
<tr>
<td>ALLY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$35.00</td>
<td>$260.5K</td>
<td>8.7K</td>
<td>2.0K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$67.50</td>
<td>$89.7K</td>
<td>4.5K</td>
<td>744</td>
</tr>
<tr>
<td>SYF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$45.00</td>
<td>$59.2K</td>
<td>146</td>
<td>592</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$165.00</td>
<td>$31.6K</td>
<td>631</td>
<td>486</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$32.50</td>
<td>$28.9K</td>
<td>219</td>
<td>350</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$360.00</td>
<td>$43.5K</td>
<td>7.9K</td>
<td>278</td>
</tr>
<tr>
<td>BN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$55.00</td>
<td>$50.3K</td>
<td>825</td>
<td>272</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on April 17, 2025. Parties traded 200 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $46.8K, with a price of $234.0 per contract. There were 7341 open contracts at this strike prior to today, and today 9779 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a call option trade that happens to be bearish, expiring in 71 day(s) on June 20, 2025. This event was a transfer of 400 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $72.4K, with a price of $181.0 per contract. There were 15288 open contracts at this strike prior to today, and today 5198 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on April 17, 2025. This event was a transfer of 300 contract(s) at a $36.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $132.0 per contract. There were 2719 open contracts at this strike prior to today, and today 3215 contract(s) were bought and sold. 
• For ALLY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>), we notice a put option sweep that happens to be bearish, expiring in 71 day(s) on June 20, 2025. This event was a transfer of 501 contract(s) at a $35.00 strike. This particular put needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $260.5K, with a price of $520.0 per contract. There were 8758 open contracts at this strike prior to today, and today 2000 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option sweep that happens to be bullish, expiring in 71 day(s) on June 20, 2025. This event was a transfer of 299 contract(s) at a $67.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $89.7K, with a price of $300.0 per contract. There were 4595 open contracts at this strike prior to today, and today 744 contract(s) were bought and sold. 
• For SYF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on April 17, 2025. This event was a transfer of 311 contract(s) at a $45.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $59.2K, with a price of $195.0 per contract. There were 146 open contracts at this strike prior to today, and today 592 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be neutral, expiring in 7 day(s) on April 17, 2025. This event was a transfer of 35 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $31.6K, with a price of $905.0 per contract. There were 631 open contracts at this strike prior to today, and today 486 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a put option trade with bearish sentiment. It expires in 162 day(s) on September 19, 2025. Parties traded 349 contract(s) at a $32.50 strike. The total cost received by the writing party (or parties) was $28.9K, with a price of $83.0 per contract. There were 219 open contracts at this strike prior to today, and today 350 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option sweep that happens to be bearish, expiring in 71 day(s) on June 20, 2025. This event was a transfer of 100 contract(s) at a $360.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $43.5K, with a price of $435.0 per contract. There were 7996 open contracts at this strike prior to today, and today 278 contract(s) were bought and sold. 
• For BN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>), we notice a call option sweep that happens to be bearish, expiring in 99 day(s) on July 18, 2025. This event was a transfer of 272 contract(s) at a $55.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $50.3K, with a price of $185.0 per contract. There were 825 open contracts at this strike prior to today, and today 272 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALLY

Fintech firm Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) launched a new dashboard Wednesday to help companies effectively manage their Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings.
What Happened:&nbsp;The Jack Dorsey-founded company released an open-source toolkit to cater to the rapidly growing Bitcoin treasury management market. The tools, which include&nbsp;a corporate holdings dashboard&nbsp;and a BTC-to-USD real-time price quote API, will enable firms to monitor the dollar value of their stash in real time.
Block added that capabilities like time-stamped historical value lookup for quarter-end reporting are also being explored. The aim was to &#8220;lower the operational barriers&#8221; for firms looking to add Bitcoin to their books.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">track your bitcoin corporate treasury easily <a href="https://t.co/x3KqNbJ1oz">https://t.co/x3KqNbJ1oz</a>
&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1910115771881304318?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44664638/millionaire-crypto-trader-reacts-to-bitcoin-mega-crash-you-have-only-one-job-here-survive" target="_blank" rel="noreferrer noopener">Millionaire Crypto Trader Reacts To Bitcoin Mega-Crash: &#8216;You Have Only One Job Here: Survive&#8217;</a>z
Why It Matters: The offering comes as a response to the growing number of firms diversifying their treasuries with Bitcoin and the subsequent&nbsp;challenges in tracking and reporting&nbsp;the digital assets.
Publicly listed companies held about 22% of the total Bitcoin supply in treasuries, <a href="https://bitcointreasuries.net/">according </a>to BitcoinTreasuries.net. Michael Saylor&#8217;s Strategy was the largest corporate holder, with a stash worth over $43 billion as of this writing.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>BTC Holdings</td>
<td>USD Value (Recorded at 1:30 a.m ET)</td>
</tr>
<tr>
<td>Strategy</td>
<td>528,185</td>
<td>$43.39 billion</td>
</tr>
<tr>
<td>MARA Holdings</td>
<td>47,600</td>
<td>$3.91 billion</td>
</tr>
<tr>
<td>Riot Platforms</td>
<td>19,223</td>
<td>$1.58 billion</td>
</tr>
</tbody>
</table>
</figure>
Block held 8,485 BTCs on its balance sheet, worth $696 million. According to the company's disclosure, the apex cryptocurrency is held for &#8220;long-term investment purposes&#8221; and to facilitate sales and purchases via its &#8220;Cash App&#8221; digital wallet service.
Dorsey, the company&#8217;s co-founder and CEO, has been a vocal supporter of Bitcoin, making bullish predictions about its price. Last year, he predicted that the leading cryptocurrency&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38754464/jack-dorsey-predicts-bitcoin-price-to-hit-at-least-1m-by-2030-hits-that-number-and-goes-be" target="_blank" rel="noreferrer noopener">would hit at least $1 million by 2030</a>.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $81,958.55, up 7.46% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Shares of Block rose 0.02% in after-hours trading after closing 14.1% higher at $55.99 during Wednesday&#8217;s regular session. 
The stock exhibited a very high growth score—a measure of the stock&#8217;s combined historical expansion in earnings and revenue across multiple periods. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock </a>Rankings to check out how its competitor, PayPal Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), fares on this metric.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="477" height="129" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10013540/Screenshot-2025-04-10-110515.png" alt="" class="wp-image-865097" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10013540/Screenshot-2025-04-10-110515.png 477w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10013540/Screenshot-2025-04-10-110515-300x81.png 300w" sizes="(max-width: 477px) 100vw, 477px" /></figure>
Photo by Frederic Legrand &#8211; COMEO on Shutterstock
Read Next: 
<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44721390/bitcoin-ethereum-xrp-dogecoin-explode-higher-as-trump-hits-pause-on-reciprocal-tariffs" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Explode Higher As Trump Hits Pause On Reciprocal Tariffs</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Markets

$BTC

Jack Dorsey's Block Is Making It Easy For Companies To Manage Their Bitcoin Treasury—Here's How

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NLY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$19.00</td>
<td>$27.3K</td>
<td>4.1K</td>
<td>3.0K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$38.00</td>
<td>$65.3K</td>
<td>3.3K</td>
<td>2.1K</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$60.00</td>
<td>$52.6K</td>
<td>5.9K</td>
<td>662</td>
</tr>
<tr>
<td>XYZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/11/25</td>
<td>$50.00</td>
<td>$30.6K</td>
<td>1.3K</td>
<td>481</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$60.00</td>
<td>$73.5K</td>
<td>5.6K</td>
<td>170</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$63.00</td>
<td>$106.4K</td>
<td>240</td>
<td>155</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$7.50</td>
<td>$103.2K</td>
<td>2.0K</td>
<td>58</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$250.00</td>
<td>$85.0K</td>
<td>359</td>
<td>25</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$65.00</td>
<td>$37.7K</td>
<td>0</td>
<td>10</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/21/25</td>
<td>$480.00</td>
<td>$48.0K</td>
<td>9</td>
<td>9</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option sweep with bullish sentiment. It expires in 345 day(s) on March 20, 2026. Parties traded 94 contract(s) at a $38.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $65.3K, with a price of $695.0 per contract. There were 3325 open contracts at this strike prior to today, and today 2153 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a put option sweep that happens to be bearish, expiring in 254 day(s) on December 19, 2025. This event was a transfer of 53 contract(s) at a $60.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $52.6K, with a price of $994.0 per contract. There were 5911 open contracts at this strike prior to today, and today 662 contract(s) were bought and sold. 
• Regarding XYZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), we observe a call option trade with neutral sentiment. It expires in 2 day(s) on April 11, 2025. Parties traded 100 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $306.0 per contract. There were 1368 open contracts at this strike prior to today, and today 481 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option trade with bearish sentiment. It expires in 646 day(s) on January 15, 2027. Parties traded 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $73.5K, with a price of $735.0 per contract. There were 5665 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a put option sweep that happens to be bearish, expiring in 16 day(s) on April 25, 2025. This event was a transfer of 150 contract(s) at a $63.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $106.4K, with a price of $710.0 per contract. There were 240 open contracts at this strike prior to today, and today 155 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with neutral sentiment. It expires in 254 day(s) on December 19, 2025. Parties traded 7 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $103.2K, with a price of $14746.0 per contract. There were 2027 open contracts at this strike prior to today, and today 58 contract(s) were bought and sold. 
• Regarding AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we observe a put option trade with bullish sentiment. It expires in 163 day(s) on September 19, 2025. Parties traded 25 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $85.0K, with a price of $3400.0 per contract. There were 359 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a call option trade that happens to be bullish, expiring in 128 day(s) on August 15, 2025. This event was a transfer of 10 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $37.7K, with a price of $3770.0 per contract. There were 0 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option sweep that happens to be bullish, expiring in 226 day(s) on November 21, 2025. This event was a transfer of 9 contract(s) at a $480.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $48.0K, with a price of $5335.0 per contract. There were 9 open contracts at this strike prior to today, and today 9 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Ray Dalio may no longer be steering the investment ship at Bridgewater Associates, but his recent warning on X has left little doubt about <a href="https://www.benzinga.com/topic/ray-dalio">where he thinks</a> the world is headed. 
"We're witnessing a classic breakdown of the major monetary, political, and geopolitical orders," Dalio wrote, calling it a "once in a lifetime" phenomenon, the kind that "has happened many times in history, when similarly unsustainable conditions were in place."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">At the moment, a huge amount of attention is rightly being paid to the newly announced tariffs and their significant impacts on markets and economies. But very little attention is being paid to the circumstances that caused them—and to the even bigger disruptions likely still… <a href="https://t.co/wPIgzDscbk">https://t.co/wPIgzDscbk</a>
&mdash; Ray Dalio (@RayDalio) <a href="https://twitter.com/RayDalio/status/1909296359955460347?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The spark? Tariffs. But the fire, Dalio says, runs deeper.
&#8220;These tariff announcements are important developments. But most people are overlooking the much larger forces that are driving just about everything," Dalio said.
While he's not actively managing the fund, Bridgewater's latest 13F filing offers a glimpse into how the firm is positioning itself in the face of this macro upheaval.
Read Also: <a href="https://www.benzinga.com/government/regulations/25/04/44707736/expert-warns-of-perfect-storm-as-trump-tariffs-slam-global-stock-markets-advises-investors-to-seek-safety-in-gold-and-fixed-income-instruments">Expert Warns Of &#8216;Perfect Storm&#8217; As Trump Tariffs Slam Global Stock Markets — Advises Investors To Seek Safety In Gold And Fixed-Income Instruments</a>
<h2 class="wp-block-heading">Tariffs, Turmoil And A Bet On The Index</h2>
Despite Dalio's big-picture warning, Bridgewater's top holding as of the fourth quarter of 2024 was the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)—now a whopping 22.1% of the portfolio. Add iShares Core S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and iShares Emerging Markets (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEMG#NYSE">IEMG</a>) and nearly half the firm's equity book is riding broad indices.
That's a defensive play wrapped in passive exposure, especially as markets wobble under new trade war concerns.
The fund didn't stop there. Among its top new buys were AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), eBay Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) and PayPal Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) &#8211; low-multiple names that look like classic recession hedges.
Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) also made the list, a curious pick that may reflect a contrarian bet on adtech amid volatility.
<h2 class="wp-block-heading">From Tech Titans To Utility Muscle</h2>
Bridgewater has trimmed back tech allocations to the sector, which fell from 19.8% to 16.3% quarter over quarter. Still, it holds heavyweights like Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), albeit at lower portfolio weights than before.
Meanwhile, two quiet climbers in the portfolio are worth noting: Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) and Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>), both utility players sitting comfortably in the top 10 holdings. In a world Dalio sees veering toward chaos, old-school stability may be back in fashion.
<h2 class="wp-block-heading">Macro Chaos, Micro Calculations</h2>
Dalio's post paints a stark picture of structural breakdown—"unsustainable conditions" colliding with a new era of tariffs and geopolitical chess. While Bridgewater's allocations don't scream panic, the tilt toward broad ETFs, dividend-value names and utilities suggests the firm is bracing for bumps ahead.
Whether or not the VUCA (Volatile, Uncertain, Complex, Ambiguous) world Dalio describes becomes a reality, Bridgewater seems to be preparing for the long game &#8211; passive on the surface but deeply macro-aware under the hood.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/04/44705344/ray-dalio-says-dont-make-the-mistake-of-thinking-whats-happening-now-is-due-to-trump-tariffs">Ray Dalio Says Don&#8217;t Make The Mistake Of Thinking What&#8217;s Happening Now Is Due To Trump Tariffs</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Macro Economic Events

Broad U.S. Equity ETFs

Emerging Market ETFs

ETFs

EBAY

GOOG

GOOGL

IEMG

MSFT

NVDA

Here's Where Bridgewater Is Placing Its Bets As Ray Dalio Warns Of 'Once-In-A-Lifetime' Breakdown

Evercore ISI Group analyst Adam Frisch initiates coverage on PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) with a In-Line rating and announces Price Target of $65.

Initiation

Evercore ISI Group Initiates Coverage On PayPal Holdings with In-Line Rating, Announces Price Target of $65

Monness, Crespi, Hardt analyst Gus Gala maintains PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) with a Buy and lowers the price target from $120 to $90.

Monness, Crespi, Hardt Maintains Buy on PayPal Holdings, Lowers Price Target to $90

<a href="https://newsroom.paypal-corp.com/2025-04-04-PayPal-Expands-Cryptocurrency-Offerings-with-New-Tokens-Chainlink-and-Solana-Now-Available" title="https://newsroom.paypal-corp.com/2025-04-04-PayPal-Expands-Cryptocurrency-Offerings-with-New-Tokens-Chainlink-and-Solana-Now-Available">https://newsroom.paypal-corp.com/2025-04-04-PayPal-Expands-Cryptocurrency-Offerings-with-New-Tokens-Chainlink-and-Solana-Now-Available</a>

$LINK

$SOL

PayPal Expands Cryptocurrency Offerings With New Tokens: Chainlink And Solana Now Available; PayPal And Venmo Users Will Start Seeing Link And Sol Available For Purchase Over The Next Few Weeks

Financial giants have made a conspicuous bullish move on PayPal Holdings. Our analysis of options history for PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) revealed 16 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 31% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $247,117, and 12 were calls, valued at $525,715.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $85.0 for PayPal Holdings during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PayPal Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PayPal Holdings's significant trades, within a strike price range of $60.0 to $85.0, over the past month.
<h3>PayPal Holdings Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743689149_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$22.35</td>
<td>$21.5</td>
<td>$21.51</td>
<td>$85.00</td>
<td>$90.3K</td>
<td>41</td>
<td>42</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$8.7</td>
<td>$7.75</td>
<td>$8.7</td>
<td>$77.50</td>
<td>$78.2K</td>
<td>1.2K</td>
<td>0</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$17.25</td>
<td>$17.05</td>
<td>$17.25</td>
<td>$80.00</td>
<td>$72.4K</td>
<td>827</td>
<td>42</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$1.03</td>
<td>$0.81</td>
<td>$1.01</td>
<td>$65.00</td>
<td>$70.9K</td>
<td>815</td>
<td>1.4K</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$1.13</td>
<td>$0.68</td>
<td>$1.06</td>
<td>$65.00</td>
<td>$68.2K</td>
<td>815</td>
<td>1.3K</td>
</tr>
</tbody>
</table>

<h3>About PayPal Holdings</h3>
PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 434 million active accounts at the end of 2024. The company also owns Venmo, a person-to-person payment platform.
<h3>Present Market Standing of PayPal Holdings</h3>
<ul>
<li>With a trading volume of 2,301,529, the price of PYPL is down by -6.79%, reaching $62.59.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 26 days from now.</li>
</ul>
<h3>Expert Opinions on PayPal Holdings</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $85.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Outperform rating for PayPal Holdings, targeting a price of $85. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for PayPal Holdings, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Smart Money Is Betting Big In PYPL Options

Press Releases

Cruise into Convenience: Norwegian Cruise Line Holdings expands strategic collaboration with PayPal

Earnings

PayPal Introduces Outlook for Accelerating Growth at Investor Day

Joy Chik to Join PayPal's Board of Directors

Mutual Funds

Alger Russell Innovation Index Updates for First Quarter 2025

PayPal Giving Fund Canada crosses $200M milestone benefitting charities across Canada

PayPal Surpasses $30B in Global Small Business Lending

Plaid Secures $575 Million Funding Amid Fintech Sector Upswing

PayPal Announces Retirement of Rodney C. Adkins from Board of Directors

PayPal Doubles Down on Checkout and Pay Later with New Will Ferrell Campaign and Biggest Sweepstakes Ever

Will Ferrell Reunites with PayPal to Show All the Ways You Can Pay at Checkout

JNPR

NCLH

NTNX

RBLX

SOLV

Affirm Holdings, Inc. - Class A Common Stock

Affirm Holdings

AvidXchange Holdings, Inc. - Common Stock

AvidXchange Holdings

Corpay

DLocal

Euronet Worldwide

Evertec

Fiserv

Fidelity National Information Services, Inc. Common Stock

Fidelity National Info

Shift4 Payments, Inc. Class A Common Stock

Shift4 Payments

Global Payments

Jack Henry & Associates, Inc. - Common Stock

Jack Henry & Associates

Mastercard

Marqeta

NCR Atleos

PagSeguro Digital Ltd. Class A Common Shares

PagSeguro Digital

Paymentus Holdings, Inc. Class A Common Stock

Comments

PayPal Holdings

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL