Fintech giants PayPal Holdings Inc (NASDAQ:PYPL) and SoFi Technologies Inc (NASDAQ:SOFI) are fresh off the earnings confessional. Below, let's see how the two companies fared during the second quarter, and dig deeper into what's happening in the options pits.
PYPL is down 8.4% to trade at $71.67 at last glance, brushing off strong second-quarter results and an upbeat outlook amid a drop in transaction margin dollars. The shares are now looking to snap a nine-day win streak with their worst loss since Feb. 4, and carry a 16.4% year-to-date deficit.
Meanwhile, SOFI is up 8.4% to trade at $22.80, after the company posted better-than-expected second-quarter earnings -- its highest growth rate in more than 24 months. An annual forecast hike is also boosting shares. SOFI hit a fresh four-year high of $25.11 right out of the gate, and now boasts a 50.9% lead for 2025.
Both equities are seeing unusual options activity today, with 5 and 3 times the intraday average volume traded so far for PYPL and SOFI, respectively. For the former, the most popular contract is the weekly 8/1 70-strike put, and for the latter it is the 25-strike call in that series that's leading the pack.
