After PayPal Holdings, Inc. (PYPL) reported that it had missed revenue expectations for its second quarter earnings results, option traders are taking actions that imply they think the share price will drift lower in the future. This may not be surprising considering that the PYPL share price fell 6.2% the day after the report was announced.
PayPal reported an earnings per share (EPS) of $1.15 and revenues of $6.24 billion, beating analysts’ expectation of $1.12 in EPS but missing revenue expectations of $6.27 billion. Notably, the company provided lower-than-expected guidance for the third quarter. Prior to the announcement, investors had kept the share price of …
