Quantum Trading Strategies CIO Sean Udall On GoPro

Speaking to Benzinga, Quantum Trading Strategies CIO Sean Udall indicated that GoPro Inc

was still a stock in which he saw upside potential. Udall said he would be looking at Calls with strike prices near the $45 level as he would prefer more exposure through options than common stock. As for timing, Udall was looking at monthly options or options that were two months out from expiration. Udall added that despite GoPro's stock pulling back 11 percent over the past 30 days, the LEAPS option prices did not collapse as much as he would have thought. "If near term options are relatively cheap, but long dated options [of] 6 months or longer are still exceedingly expensive, sometimes that's [an indicator] for me that the options market is telling [traders]...where the price might go." GoPro Inc recently traded at $40.17, up 1.18 percent. Kevin Riley and Brianna Valleskey contributed to this report.