Options traders are making bullish bets on the sportswear giant to shine in the earnings spotlight after the bell on Thursday.
is sitting pretty after hitting two new record highs this week. When it reports earnings after the bell, options traders are betting that the winning streak will continue for this sporting stock.. Over 3,500 of those traded for about $3, so buyers of those calls are obviously betting that the stock will rally above the $100 strike price by at least the premium they paid," Optimize Advisors President Michael Khouw said Wednesday on "Fast Money.
However, as Khouw would point out, there is a reason that bullish traders are expressing their optimism through options rather than committing new money to the stock itself.
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