EBAY- Earnings play- $31 October puts
EBAY looks very bearish after a nice run. Price crossed below MA 50 & huge divergence in moneyflow.
It had quite a bit of selling in August at $30 level, and price to earning ratio is high at 18.9 . So we think it will decline with the earnings report.
For earnings play we would consider $31 October puts, last traded for $0.89
You can check our detailed analysis on EBAY in the trading room/ Executive summary link here-
screencast.com/t/JPXwzIyO8ev
Time Span: 22:30"
Trade Status: Pending
Trade suggestion date:
It had quite a bit of selling in August at $30 level, and price to earning ratio is high at 18.9 . So we think it will decline with the earnings report.
For earnings play we would consider $31 October puts, last traded for $0.89
You can check our detailed analysis on EBAY in the trading room/ Executive summary link here-
screencast.com/t/JPXwzIyO8ev
Time Span: 22:30"
Trade Status: Pending
Trade suggestion date:
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