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PayPal (PYPL) Is Up 32% YTD – Does it Have More Upside?
Paypal has had a lot going for it as of late - In addition to its core business, Venmo has been gaining traction and the company recently announced intentions to make a large investment in Uber. Take a look at what these two analysts have to say about PYPL – PayPal’s Latest mega-investment in Uber signals growing global ambitions and PayPal First Look: Solid Performance, No Need to Fear.
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Technicals
PYPL rallied to record highs early in the year and has been steadily grinding higher since. A notable downside support level is 108.80 which reflects prior resistance. Slightly below the horizontal level further support is found from the 20-day moving average which has been able to hold the stock higher for most of the year thus far.
*source Tradingview.com
If you agree there's further upside ahead for PYPL, consider this trade which is a bet that the stock will continue to advance over the next six weeks, or at least not decline very much.
Buy To Open PYPL 7JUN19 107 Puts (PYPL19067P107)
Sell To Open PYPL 7JUN19 110 Puts (PYPL19067P110) for a credit of $0.95 (selling a vertical)
This price was $0.02 less than the mid-point of the option spread when PYPL was trading near $111. Unless the stock rallies quickly from here, you should be able to get close to this amount.
Your commission on this trade will be $2.50 per spread. Each contract would then yield $92.50 and your broker would charge a $300 maintenance fee, making your investment $207.50 ($300 – $92.50). If PYPL closes at any price above $110 on June 7, both options would expire worthless, and your return on the spread would be 45% (421% annualized).
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The $12 Trillion 5G Revolution Is Here!
It's the greatest tech breakthrough in history. It can usher in an incredible new world, potentially minting millionaires by the bucket load! And one tiny $6 company - that no one is talking about - could skyrocket in 2019.
Here's how you could make 10 times your money from this red-hot phenomenon.
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Changes to Investor’s Business Daily (IBD) Top 50 This Week:
We have found that the Investor’s Business Daily Top 50 List has been a reliable source of stocks that are likely to move higher in the short run. Recent additions to the list might be particularly good choices for this strategy, and deletions might be good indicators for exiting a position that you might already have on that stock.
As with all investments, you should only make option trades with money that you can truly afford to lose.
Happy trading,
Terry
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I'll show you why here.
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Any questions? I would love to hear from you by email (terry@terrystips.com), or if you would like to talk to our guy Seth, give him a jingle at 800-803-4595 and either ask him your question(s) or give him your thoughts. seth@terrystips.com
You can see every trade made in the actual option portfolios conducted at Terry’s Tips and learn all about the wonderful world of options by subscribing here. Why wait any longer to make this important investment in yourself?
Even better, you can become a Terry’s Tips Insider, and receive all our educational reports and materials absolutely free by opening a new account at the best options broker around - thinkorswim. If you open an account with our link, they will give you 60 days of free trading or up to $600, the same deals they give to everyone who opens an account with them. You must use this link to sign up - open thinkorswim account – and once you have funded your account with at least $3500, email Seth@TerrysTips.com and let him know that you have done it, and this is what he will do – sign you for our Premium Service package ($119.95 value plus an extra 4 months of our Premium Service, valued at another $190.80). You get $300.65 worth of services without paying us one penny.
I look forward to having you on board, and to prospering with you.
Terry
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