PayPal After the Bell

$PYPL

I’ve written about PYPL 0.00%↑ a handful of times. It’s one of the names where the product is understandable, and usable in my daily life.

Unfortunately the stock price movement has reflected otherwise in regards to $PYPL’s prospects. I can’t really argue doing anything with this one below that $69ish area.

I’m looking at some possible put spreads going out to 2025, as the implied volatility in PYPL 0.00%↑ is quite a bit above historical levels, especially with earnings on tap. The return characteristics aren’t incredibly enticing, but, for instance, The Jan ‘25 35 puts are paying about $2.30 per contract currently. Perhaps some spreads for income is the play, the stock can’t get that low, can it?