I posted a $PYPL chart earlier in the week and just wanted to post an update!
We seem to have found a bottom of 179, and are struggling to clear 193, giving us two ways to navigate this trade.
I'll be looking to grab 12/17 190Cs in the event we dip back down to 179, OR 12/17 200Cs if we break 193 to the upside and start aggressively recovering.
Buy the dip or play the breakout, both strategies are valid imo. This ticker is a powder keg waiting to explode.
We seem to have found a bottom of 179, and are struggling to clear 193, giving us two ways to navigate this trade.
I'll be looking to grab 12/17 190Cs in the event we dip back down to 179, OR 12/17 200Cs if we break 193 to the upside and start aggressively recovering.
Buy the dip or play the breakout, both strategies are valid imo. This ticker is a powder keg waiting to explode.