Unusual Options Action: Pandora Sees Heavy Call and Put Volume Headed Into Earnings

Unusual Options Activity: Pandora March $14.00 calls trade 8,263 times over an open interest of 3,497 and March $10.00 puts trade 8,006 times over an open interest of 5,112 indicating a $2.00 strangle position as shares are currently trading near $12. Earnings are scheduled to be reported today after the bell.