eBay Stock Eyes Record Highs on Billion-Dollar Deal

EBAY calls are trading at double their average intraday pace this morning

Deputy Editor
Jul 14, 2021 at 10:05 AM
facebook X logo linkedin


E-commerce giant eBay Inc (NASDAQ:EBAY) is in the spotlight today, after the company agreed to sell 125 million shares, or 10.2% of its stake of global online classifieds specialist Adevinta to private equity firm Permira for $2.25 billion in cash. The deal is expected to close in the fourth quarter of 2021. At last check, EBAY is up 2.2% to trade at $70.27 in response.

eBay stock is now a chip-shot from its July 1 all-time high of $70.76. Year-to-date, the equity is up 39.8%. Despite the solid price action, there is still plenty of room for upgrades amongst the brokerage bunch. Of the 17 analysts in coverage, 11 carry a tepid "hold" rating. Meanwhile, the 12-month consensus price target of $70.09 is in line with current levels, indicating the equity is ripe for bull notes.

Puts have been more popular than usual, too, leaving plenty of pessimism to be unwound in the options pits. This is per the security's Schaeffer's put/call open interest ratio (SOIR) of 0.85 that sits in the 90th percentile of its annual range, meaning short-term options traders have been more bearish than normal. 

Fresh out of the gate this morning though, calls are being picked up at double what's typically seen. So far, 3,090 calls and 1,006 puts have crossed the tape, with the weekly 7/23 70-strike call seeing the most activity.  

 

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