Are PYPL Leap Contracts Free Money Right Now?What's going on fellow traders, hope everybody enjoyed their long weekend. I just wanted to drop this here and see what your thoughts are on what I believe to be a no brainer.
As you've probably noticed, $PYPL has had an insane sell off that's been ongoing for what feels like an eternity at this point. Historically, you can see that there has been pretty solid support at the $100 level since the summer of 2018. That being said, given today's market conditions I wouldn't be surprised if $PYPL gets bullied a bit more subsequently dipping into the sub -10 RSI level. I believe pretty much any more selling pressure in the next 1-2 weeks could force the stock back into the high $80s mid $90s. From there it should be completely bottomed out and a fantastic time to load up on leaps as close to the money as possible. I'll be waiting to see if we can get in at an even bigger discount and will be targeting contracts within the <$95 zone and as soon as Oct 21 to Sep. 15, 2023.
The yellow drawn in trend line represents a rough trajectory of the price that I could see happening if $100 support is cracked. (just a guess)
Let me know what you guys think, and please send me any of your own picks that you like.
- Premium Flippa
