Pandora (P) adds 88 cents to $12.36 and some players are tuning in to upside calls on the stock today. Feb 13s, which are 5.2 percent OTM, are the most actives. 1,339 traded (92 percent Ask) against zero in open interest. Jan $12 and $13 calls are seeing interest as well. Implied volatility in Pandora options is up 11.5 percent to 71 after the company’s CEO appared on CNBC and noted that the company had a small profit in the quarter (per Briefing).
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.