Trade Ideas
UOA PRO New Trade Idea PYPL 7-30
10,000 18September 62.50 calls bought for 0.83 above open interest of 3,803 contracts; 10,000 18September 67.50 calls sold for 0.21 above open interest of 1,252 contracts. Stock 57.11.
New Trade Idea
Ticker: PYPL
Stock: 57.08
Trigger: 58.35
Targets/Resistance: 59.56, 60.91, 62.04, 63.24, 64.29, 65.74, 66.80
Expiration Date: 18SEP
UOA: 10,000 18September 62.50 calls bought for 0.83 above open interest of 3,803 contracts; 10,000 18September 67.50 calls sold for 0.21 above open interest of 1,252 contracts. Stock 57.11.
PYPL $57.29 Last.
Large Sept. set OTM call vertical. The gap up is obvious which makes the fill potential obvious and this could be a partial hedge of sorts but, so far, they’re keeping this elevated even as the market has pulled back so IF they get the market going again, this could continue to power higher.
Trigger: $58.35, yesterday’s close.
Strategy 1: Consider the PYPL 18Sept. 60.00 calls for $2.10 projected at trigger level today. Matching the UOA’s time frame but keep $ risk down somewhat.
Targets: 59.56, 60.91, 62.04, 63.24, 64.29, 65.74, 66.80