Call Spread in eBay - eBay (NASDAQ:EBAY)

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Online retailer eBay Inc. (NASDAQ: EBAY) saw a relatively large call spread trade on Friday with what looks like an investor rolling an August position out one month to September. The August 45 calls saw 10,100 contracts sold at $0.96 with the September 47 calls being purchased for $1.08. The August calls saw 32,000 contracts purchased for $1.00 on July 20th with the shares trading roughly the same price as they are today. By rolling part of the long August position, the investor maybe looking to reduce some of the upcoming premium decay since the calls are currently at the money with only 10 trading days left until expiration.

20-Year Pro Trader Reveals His "MoneyLine"

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!