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Today's large, unusual options activity in eBay Inc. (EBAY) highlights the underlying value of EBAY stock. It is trading 11% higher today and a tranche of out-of-the-money put options is 23 times the prior contracts outstanding.
EBAY is over $70.00 in midday trading after Meta Platforms (META) announced that it will allow buyers in the U.S., Germany, and France to browse listings from eBay directly on Facebook Marketplace while completing their transactions on eBay.