Significant Friday Options Trends: PYPL, URI, TGT

PayPal Holdings Inc (PYPL) saw significant trading activity today, with 57,858 options contracts exchanged, equating to approximately 5.8 million underlying shares. This represents about 46.1% of its average daily trading volume of 12.5 million shares over the past month. Notably, the $51 strike call option expiring on May 1, 2026, accounted for 9,276 contracts, or roughly 927,600 shares.

United Rentals Inc (URI) also experienced elevated options trading, with a total of 2,569 contracts traded, equating to about 256,900 underlying shares, which is 44.7% of its monthly average daily volume of 575,265 shares. The $510 strike call option, set to expire on May 1, 2026, had 230 contracts traded, representing about 23,000 underlying shares.

Additionally, Target Corp (TGT) had a strong showing with 20,591 contracts traded, amounting to approximately 2.1 million underlying shares, or 44.2% of its average daily volume of 4.7 million shares. The $120 strike put option expiring on September 18, 2026, saw 3,427 contracts exchanged, representing around 342,700 underlying shares.