Triple_Barrel_Capital

$GPRO Back Below 200d - $5M Bearish Options Bet

Short
NASDAQ:GPRO   GoPro, Inc.
$GPRO Back below 200d ema line, headed lower near term.

Bearish options bet today - 25k $8.00 strike (deep ITM) July puts traded today for total premium of $5.6M vs OI of less than 150

Medium term target - $4.00-$5.00 range by early July
Comment:
Note: Informational, not investment advice.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.