Strangling eBay

ebay (ebay) is a cornerstone of the Internet age.  Currently eBay is comprised of two key businesses

• Marketplaces - such as ebay.com, stubhub.com, etc
• Payment Processing - primarily Paypal

From a long-term investor perspective, these two businesses provide both some synergy and diversification. From a stock market perspective it appears as if this diversification might keep it trading within a range.
Read my article here  that describes how selling a $27 - $35 strangle can be a low risk way to generate a 3% cash return in the short. term.