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PayPal Earnings $PYPL Stock at $253 (Patreon)

Published:
2021-02-03 20:46:31
Imported:
2022-03

Content

Earnings Update after COB (Close of Business) today:

  • Options factor in a 6% swing up and down - 271.40 BEP over next two weeks
  • Lots of Premium
  • Paypal at or close to ATH (all-time high)

My thoughts

  • PayPal only started charging for Crypto trades in January so we should not see a big impact from that but I fear the market is expecting SQUARE-like growth from Crypto.
  • I do see big floods of funds into Paypal in the most recent qtr due to their Crypto offerings

DISCLOSURE: I own a bunch of PYPL $200 CALLS I bought in Nov when they announced Crypto.  My position is up > 75% in 8 weeks.

NOT INVESTMENT ADVICE 

Files

Comments

Anonymous

Is there still room to get in at current price?

InvestAnswers
>>52854000

I will monitor. We are close to 1-year target of $257 - I personally am thinking about selling calls against my long position at a $270 strike or so. Rem it has run up 175-253 in 90 days.

Anonymous

Love to see a market correction to get into it. What other handful or positions are you in to get into when the market corrects?

InvestAnswers

PayPal had best qtr ever. Could be a bump in after market and tomorrow. https://www.marketwatch.com/story/paypal-profit-triples-as-pandemic-drives-continued-surge-in-online-payments-11612387131?siteid=yhoof2

Anonymous

Wow.. nice trade with those PYPL calls. I looked at the options chain after I saw this but didn't see anything in my wheelhouse. If you didn't have those call options, what would you have done right before earnings? Thanks!

InvestAnswers

If I wanted to own some, I would have sold some PYPL puts at around $240 for July for $25 - if I got put the stock I would own PYPL at $215 which is a bargain considering the money they are going to be making on Crypto in 2021. Also, they own VENMO - which is worth at least $50BN. I have no idea why they are not allowing vennmo customers to buy crypto also like Square - a missed oppty IMHO.

Anonymous

Would love more of a primer on how one should look at options vs. a buy and hold strategy. Not sure if these strategies differ from equities and crypto.

Anonymous
>>52857228

ahh ok.. so go out like 6 months and if you get assigned you get a 10% discount. =)

Anonymous

Yes I agree regarding the options primer/basics.

Anonymous

I wish I understood enough to make use of this information.

Anonymous

what is your guidance on Square with regards to call options investment from current level ? what is the PT and opportunity for Square as its share price is being pushed down each time it tried to rally over the last 6 weeks. would appreciate your insights.

InvestAnswers

The power of options - it foretold a 6% swing and it was exceedingly accurate so far.

InvestAnswers
>>52875759

Hey Kenny, Are you holding any SQ now? It just pumped 8 points or 3.5% and is only 10 points off the ATH. Right now I am sitting on SQ calls but they are very deep in the money. I thought about Opening up a short position against my long deep in the money call option position but I am afraid of CAPPING upside because I know the future is very bright for Square in 2021.

Anonymous

I do have a good size position in SQ at the $70+ level

Anonymous

Sorry for the newbie question but can you provide some assistance on Discord... maybe send an email out with the link prior to the meeting? Thanks much.