We entered into a new stock position. We are buying 100 shares of PYPL which has come down significantly. The stock now trades with a forward p/e of 13.05 and a PEG ratio of 0.84. The EV/EBITDA is 9.43. All value numbers overall. The growth is a concern but the revenues have been growing around 10% and are expected to continue. We expect that even if the stock disappoints, it is likely to only go sideways. If it rebounds, then the upside could be significant long-term.
Bought 100 shares of PYPL at 66.30
Sold to open: PYPL May 16th (monthly) 75.00 strike call
Credit: 1.18
We placed this order as a “buy write” or “covered stock” and paid a total debit of 65.12