TopOptionAlert
Oct 22, 2:19 AM
$PYPL OCT30 60C · actionable here
Zone:
$56.80 to
$57.60
Invalidation: close under
$55.12
Objectives:
$60, then
$64
The math: up 4.9% to the first objective and 11.9% to the second, against 3.6% risk on the invalidation, better than 3 to 1 to the second
Dear friend, picture a climber who keeps finding a slightly higher foothold on the same wall. That is this swing setup into earnings. PayPal has built higher lows since the 52 dollar area in September and closed at 57.20 today after a dip to 56.85, which means buyers are still defending the climb with only days left before the report. With results on October 27, the October 30 calls give the move room to run toward 60 first without needing a miracle in a single session.
P.S. Watch the 57.95 high from today, because a close over it says buyers mean it before the report even lands.
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