sold PYPL 270/272.5 for 20% roi, 9DTE.
Testing supply shelf that pushed to new lows.
Backfill of body gap.
Potentially at top of channel range.
Previous high has spikes back to fill a gap so the safer play was to wait for a price test above 259, which it just did
There were aggressive sellers at the 262 at one point.
My bet is that they want to defend their shorts.
Spread sold at next hourly supply in Yellow.
Challenging the market to battle through the 261/266 zone and hold into the 270 zone by and through expiration next week