PYPL has been for sale in the past few sessions as it lost all momentum moving averages. The news of its intention to acquire the social media platform Pinterest disappointed investors. With 
SNAP reporting disappointing results, it added fuel to the idea that this acquisition will not be beneficial long term. Buy-now-pay-later platforms such as 
AFRM have dented into PYPL’s business model, but we believe that around these levels, a buy ahead of earnings might be compelling. We will look to add some $270 calls for the first week of November which coincides with its earnings. PayPal remains a de facto leader which cannot be ignored for long by investors. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.