01 — PYPL · BEAR CALL SPREADS

Best PYPL bear call spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Mature payments name with moderate options flow tied to active-account growth and Venmo monetization.

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Financials / Fintech
PYPL
$56.95+8.4% / 30d
IV rank (1y)
7.4% · low
Next earnings
Oct 27
Market cap
$47.3B
P/E (fwd)
9.7
Dividend
$0.56 · Sep 4
Option vol
14K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$59/$61 call spread · Dec 4
36 DAYS · 4.3% OTM · 2 WIDE · SELL TO OPEN
Credit
$81
Return
68.07%
PoP
68%
SpreadExpirationCreditReturn ↓PoP
$58 / $60
2.6% OTM · 2 wide
Nov 27
29 days
$77
$0.77 / share
62.6%64%
$58 / $60
2.6% OTM · 2 wide
Nov 20
22 days
$70
$0.70 / share
53.85%65%
$57.5 / $60
1.7% OTM · 3 wide
Nov 20
22 days
$87
$0.87 / share
53.37%62%
$60 / $62
6.1% OTM · 2 wide
Dec 4
36 days
$63
$0.63 / share
45.99%73%
$59 / $61
4.3% OTM · 2 wide
Nov 27
29 days
$55
$0.55 / share
37.93%72%
$59 / $61
4.3% OTM · 2 wide
Nov 20
22 days
$49
$0.49 / share
32.45%74%
$58 / $60
2.6% OTM · 2 wide
Dec 4
36 days
$45
$0.45 / share
29.03%63%
8 of 8 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

Moderately bearish or neutral traders seeking defined-risk credit income.

P&L at expiration · $59/$61 call spread · 36 DTE

$0+$81−$119$61 LONG$59.81 BE$59 SHORT

Key numbers

Premium collected+$81
Max profit+$81
Max loss−$119
Breakeven$59.81
Spread$59 / $61
Probability of profit68%
Days to expiration36

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on PYPL.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.