Hi Manlobbi -

I followed you into PYPL back when you posted positively (before this thread); around $63/sh.

After the stock cratered, I bought some 12/26 $40 calls and after today's pop, I'm slightly better than breakeven on the combined position.

Trying to figure out if I should sell the option now but ride the stock until a potential buyout for the best return (closer to $60.50) or sell both and just be happy with a small win.

Is the majority of the lift already reflected in a run from $8.00 to $16.50 on the call, if the purchase bid doesn't get increased? Or will it keep rising closer to a buyout date?

Obviously, the $40 Dec all could - theoretically - go significantly higher if Stripe increases their number, but that has to play out in the next 5 months, right?