Unusual PayPal call buying before takeover news

Unusual options activity is showing up around $PYPL.
A trader reportedly put about $300K into $PYPL $50 calls expiring 08/07/2026 before news of Stripe’s acquisition offer hit the market.
Those contracts are now reportedly up more than 500%.
That kind of timing immediately raises eyebrows.
When a large options position appears right before a takeover headline, traders start asking whether it was luck, strong speculation, or something more informed.
For $PYPL, the M&A headline has turned the options chain into part of the story.