From Steve Smith. Gymboree shares are off 30c to $53.75 option volume is 2x the daily average being driven by a 4,800 lot in the May $50 calls (total 5,300 trade now) at the $4.90 asking price. Looks tied to stock. Company recently tightened its Q2 guidance by raising the lower end of the range from 92c to 94c a share. Scheduled to report May 19, two days prior to the May expiration.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.