TopOptionAlert
Oct 22, 9:46 PM
$PYPL NOV20 60C · still actionable
Zone:
$57.14 to
$57.94
Invalidation: close under
$55.12
Objectives:
$60.76, then
$62.31
The math: up 5.6% to the first objective and 8.3% to the second, against 4.2% risk on the invalidation, about 2 to 1 to the second
Dear friend, think of this as a swing into a report card that arrives before the open on October 27. PayPal closed at 57.54 dollars, up on a day when the big tech names fell hard, and it now sits above the average price of its last fifty days, which means buyers have quietly taken back the middle ground. What that means for you is simple. The crowd is no longer pricing this name for dead, and a good report only has to clear a low bar to send it toward that first objective.
P.S. Watch the 57.95 high from October 21, friend, because a close above it says the buyers mean business before the report.
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