PayPal's $53 Billion Bid Triggers a Vol Crush as the Options Desk Braces for Friday's OPEX
PayPal's options chain repriced overnight after a reported $53 billion Stripe-Advent takeover bid, even as the broader vol complex stayed unusually calm. Jordan Blake breaks down the dispersion trade, the covered-call mechanics behind the move, and what Friday's monthly OPEX could mean for dealer po