Feb. 10 at 1:13 PM
$PYPL
Watching the options tape closely: massive OI building in the
$90 and
$100 calls (expiring late 2027).
These are pure long-vol bets — buyers are paying almost entirely for time value, betting on a volatility expansion.
If
$PYPL regains momentum, these calls can inflate fast via vega + leverage, long before price gets anywhere near the strikes.
Looks like smart money positioning for a bigger move.
After the recent hit, we’re likely entering an uncertainty phase where IV pops on every small catalyst (news, upgrades).
Sentiment flip = vega explosion.
