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Goldman Says Buy Straddles In Blackberry, Chipotle Before Earnings (BBRY, CMG)

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Goldman Sachs recommend that traders buy options straddles in both Blackberry (NASDAQ: BBRY) and Chipotle Mexican Grill (NYSE: CMG) ahead of earnings.

Goldman recommends that traders purchase weekly $14.50 straddles in Blackberry before earnings this Friday. They also recommend buying July $360 straddles in Chipotle ahead of the company's second quarter earnings release on July 18.

Two other trade alerts were posted for Intuitive Surgical (NASDAQ: ISRG) and Sandisk (NASDAQ: SNDK). Goldman recommends traders buy July $57.50 straddles on Sandisk as the stock's options screen is most attractive for July earnings, according to Goldman, while they recommend buying July $500 straddles as options are underpricing a "controversial quarter ahead."

Posted-In: Goldman SachsAnalyst Color Long Ideas Options Markets Analyst Ratings Trading Ideas

 

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