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Feb 4, 2024 2:41 PM

PYPL PayPal Holdings Options Ahead of Earnings Long

PayPal Holdings, Inc.NASDAQ

Description

PYPL had some events in the past 2 years that determined its price action.
Went down after its CFO left for Walmart:

Had a technical rebound buy opportunity after reaching the 2017 support:

and determined a lot of users leaving their platform after announcing a 2.5K fine for spreading misinformation:


Now analyzing the options chain and the chart patterns of PYPL PayPal Holdings prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $8.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.


Trade active

PYPL calls were in the money this week, with the stock trading at $64.80. I haven't monitored the options, but they were certainly profitable back then.
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