GoPro, Inc. (GPRO) Hit by Option Skeptics

Analysts aren't the only ones betting against GoPro Inc (GPRO)

Digital Content Group
Mar 17, 2015 at 2:06 PM
facebook X logo linkedin

Despite being a long-term technical laggard, GoPro Inc (NASDAQ:GPRO) is once again overcoming broad-market headwinds today, up 3.3% at $40.67. In options land, calls are trading at a slight uptick to their typical rate for this point in the afternoon -- though it seems these contracts aren't all of the bullish variety.

Diving right in, GPRO's most active option is the weekly 4/2 41.50-strike call, where data suggests the majority of the 3,448 contracts on the tape have been sold to open. In other words, these call writers are banking on the $41.50 level to act as a technical ceiling through the close on Friday, April 2, when the weekly series expires. The shares last touched this strike on March 6.

Such skepticism is also reflected within the brokerage crowd. Of the 13 analysts tracking GPRO, eight have dished out a "hold" or worse opinion.

Of course, this shouldn't come as a huge surprise. As alluded to earlier, GoPro Inc (NASDAQ:GPRO) has been a dud on the charts. Since touching a record high of $98.47 in early October, the shares have plummeted 59%.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI