If you haven`t sold EBAY on active buyers decline: or here:
Then analyzing the options chain and chart patterns of EBAY prior to the earnings report this week, I would consider purchasing the $47.50 strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $1.60. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
EBAY traded at $43.30 after earnings, and the Puts are up from $1.60 (when I wrote this article) to $4.15 at the close today (even higher intraday), for an impressive 2.6X gain! Congrats for those who have the Puts!
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