Buying PYPL call contracts.
PayPal Holdings (PYPL) is a payment processing company that actually generates reliable profits.
Unlike some of its competitors, PYPL has developed a sustainable business that helps small firms and individuals process payments. The stock has lost a huge amount of its lofty 2021 valuation, and now has a much more reasonable valuation.
With the market likely to mount a relief rally (if not a full-fledged bear market bottom), PYPL should be one of the primary beneficiaries.
- Buy (to open) 8 PYPL June 17th $70 Calls
- Limit $12.30 or less
- The new position will represent roughly 9.9% of our Spec Model capital
- 9:48 Update
- No execution, PYPL is moving higher, Adjusting limit order to $13.50
- 9:54 Executed
- Bot 8 PYPL Jun 17th $70 Calls @ $12.80