Does anyone playing PYPL? If so what’s your opinion? I am currently contemplating selling covered calls 8/16 and 9/20 but trying to find the right strike price. The earning is the end of July and I feel like it has a chance to move up but not sure about the magnitude. As you all know that Cathy scooped up a big chunk of PYPL and I don’t know what that’s gonna do honestly. The strike price I am looking at is either 80 or 85 and that’s a decent 20% upward from the current price. Any thoughts?
Posted by NY10