Will The Visa Deal Spell Doom For Paypal? Paypal Put Options In Play
Jul, 26th 09:56
Paypal Holdings Inc reported its second quarter earnings report on Thursday (21/7). The company’s revenue for the quarter was up by 15% to $2.65 billion supported by an 11% increase in the customer base. Despite posting favorable and upbeat results, Paypal stock value has declined by 75% right after the earnings annoucement The loss could be explained by the long-term partnership agreement with Visa Inc. Investors hold a strong belief that Visa was the winner of the negotiation at the Paypal’s expense, since the deal isexpected to cut into paypal’s margin. On the hourly chart, the price is moving in a narrow range. RSI (14) hovers around 39.0433, indicating that the bearish trend is dominant.
Buy Digital Put Option from 37.58 to 37.84 valid until 20:00 July 29, 2016
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