Sufi's avatar
$84.6m follower assets
Bought more $PYPL ~ $127,350 total position

- 12/17 $230 Calls ~ 40 contracts for a total premium of $7,000.

- 600 Shares at $200.89

1st time since IPO $PYPL is down 5 weeks in a row ~ -36% from ATH.

“Where there is ruin, there is hope for a treasure” ~ Rumi

#Paypal
post media
Linked trades
3 linked trades
Gabriel Kaplan's avatar
I continue to build my position in $PYPL as well.
Sold $185 puts and $230 puts March 2022 and June 2022.
Sufi's avatar
@strategicinvestors great to hear - the bernstein analyst who downgraded $PYPL over competition fears doesn’t know that PayPal owns Venmo and, also that Shopify gives each merchant a PayPal checkout by default.

The analyst is incredibly misinformed. The technicals on this stock are as exhausted to the downside as they’ve ever been and unless there is something bigger than revised guidance + analyst downgrade thats pinning it down, it should get some relief over the next couple of weeks.

Nathan Worden's avatar
This is getting super interesting

Author

Related

Already have an account? Log in