Options Bulls Favor EBAY Despite Deutsche Bank Downgrade

The equity sports a 69% year-over-year lead, too

Digital Content Manager
Jan 28, 2021 at 10:31 AM
facebook X logo linkedin

The shares of eBay Inc (NASDAQ:EBAY) are up 0.3% at $58.56 at last check, pushing past a downgrade from Deutsche Bank to "hold" from "buy." The analyst in question said the company doesn't seem to be taking advantage of an online shift in consumer demand, adding that the recent appreciation of its shares creates a more balanced risk/reward ratio. 

The charts tell a different story. The security more than doubled off its March three-year lows to reach a July 13, all-time-high of $61.06. And while shares cooled off for a brief period, just yesterday they came back within striking distance of those record levels once again. EBAY is also receiving support from the 10-day moving average, and is up 69% year-over-year. 

Analysts were hesitant towards the security coming into today, leaving plenty of room for upgrades going forward. Of the 24 in coverage, 13 carried a tepid "hold" rating, while 11 said "strong buy." Meanwhile, the 12-month consensus target price of $62.71 is a 7.4% premium to current levels.

The options pits are overwhelmingly bullish, on the other hand. This is per the equity's  50-day call/put volume ratio of 3.09 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than all but 10% of readings from the past year. In other words, long calls are being picked up at a faster-than-usual pace.   


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI