TopgOptions

PYPL PayPal Options Ahead of Earnings

Short
TopgOptions Updated   
NASDAQ:PYPL   PayPal Holdings, Inc.
If you haven`t shorted PayPal after my last chart:

Then you should know that looking at the PYPL PayPal options chain ahead of earnings , I would buy the $85 strike price Puts with
2023-4-21 expiration date for about
$6.30 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.

Looking forward to read your opinion about it.




Trade closed: target reached:
PYPL trading at $79.79 ahead of earnings. Puts are now $9.00 from $6.30. I would trim my position a bit.
Trade closed: target reached:
PYPL trading at $78.10 one day before the earnings. Puts went to $9.90 and we have closed our position and opened a long position in our group.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.