May. 28 at 8:06 AM
$PYPL 10k Dec
$20 Lotto Puts swept yesterday. Meanwhile, the usual OTM Call lottery (
$44.5-
$45.5) dying worthless. Volume is evaporating—barely 15M shares yesterday. Depressing to see what this former darling became.
Call-Writer prints daily while retail gets chopped up. If a short squeeze ever happens, most will miss it cuz they washed out at a loss. Management has the charisma of a firing squad, literally warning investors away.
Glad I escaped my Calls at breakeven yesterday before the flush. Not even the massive
$44 Put Wall could hold the line. 🐻
PAYPAL , is getting eaten alive by competition and losing market share.
As tempting as a 10x leverage Long looks at these levels, I’m done fighting the lack of buying power. Retail is trapped and BOD is completely braindead. I'm out. ✌️📉
