After peaking back in July of 2021, the stock has declined nearly 80% and has spent the last 12 months forming a bottoming formation and has stabilized its decline.
The question is, when is the stock potentially ready to breakout higher?
Now if we examine the fundamentals, the business has started to look more compelling over the past couple of quarters.
The trade Based on the implied volatility, options are not particularly cheap or expensive, but the skew benefits selling a put credit spread.
BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons:
PYPL
Organizations:
PayPal
Locations:
PYPL