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Take Your Position: eBay

With shares of eBay about 6% higher over the past 3 months, how should you game this stock into - and in the wake of - results, due Wednesday?

Nuts & Bolts

When eBay reports, investors will be looking for growth in two areas:
- eBay's online marketplace
- the PayPal division

By some estimates, in the next few years, PayPal's revenue will surpass that of eBay's signature auction / marketplace.

Investors may also be looking for any details about the integration of GSI Commerce, which operates websites for retailers like Toys R Us and Bath & Body Works. eBay agreed to buy GSI for $2.4 billion in late March.

By the Numbers

Analysts polled by FactSet expect the company to report earnings, excluding items, of 46 cents per share on $2.47 billion in revenue.

The Impact

As one of the largest e-commerce companies, eBay's results can be indicative of how other online retailers and auction sites fared during the quarter.

The Trade

Brian Kelly is bullish. He’s long stock with a 31-put as a hedge.




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Trader disclosure: On April 26, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymour owns (BX); Seymour owns (F); Seymour owns (GE); Seymour owns (INTC); Seymour owns (POT); Weiss owns (VZ); Weiss owns (QCOM); Weiss owns (NAV); Weiss owns (TCK); Weiss owns (UUP); Weiss owns (DVN); Weiss owns (COP); Weiss owns (BTU); Weiss owns (TBT); Weiss owns (NIHD); Weiss owns (MSFT); Weiss is short (X); Weiss is short (AKS); Terranova owns (JPM); Terranova owns (XOM); Terranova owns (OXY); Terranova owns (C); Terranova owns (VRTS); Terranova owns (BAX); Terranova owns (BX); Terranova owns (AKAM); Terranova owns (TCK); Terranova owns (HOC); Terranova owns (UPL)’ Terranova owns (V); Finerman and Finerman's firm own (AAPL); Finerman and Finerman's firm own (BP); Finerman owns (C); Finerman and Finerman's firm own (CMI); Finerman and Finerman's firm own (CVS); Finerman's firm owns (IBM); Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman owns (UNG); Finerman owns (USO); Finerman's firm is short (IWM), (MDY), (SPY); Finerman's firm is long S&P 500 puts; Finerman's firm is long Russell 2000 puts

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
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Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & IRL PLC

Brian Kelly
Accounts Managed by Brian Kelly Capital own (GLD)
Accounts Managed by Brian Kelly Capital own (EBAY)
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Accounts Managed by Brian Kelly Capital own (SU)
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Accounts Managed by Brian Kelly Capital own (AGO)
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Accounts Managed by Brian Kelly Capital own euro futures
Accounts Managed by Brian Kelly Capital own gold futures
Accounts Managed by Brian Kelly Capital are short yen
Accounts Managed by Brian Kelly Capital own natural gas futures

For Rich Ilczyszyn
**No Disclosures

For Andy Busch
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For Tony Wible SOT From 4/26/11 FMHR
Janney Montgomery Scott Is A Market Maker In (NFLX)
Janney Montgomery Scott May Seek Investment Banking Compensation From (NFLX) In Next 3 Months

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