JJ Kinahan On GoPro Options Ahead Of Earnings

Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan noted that GoPro Inc GPRO was down nearly 6 percent since its last earnings release.

Kinahan added that, based on implied volatility, the market expected an 8.75 percent move in the stock (up or down) following earnings.

Buying action in the options market was seen in the May $42 Puts for both monthly and weekly options.

Other buying action was observed in the week prior to earnings for May $49/$50 monthly Call spread.

Heading into its earnings report, GoPro Inc traded at $46.29, up 2.45 percent.

Kevin Riley and Brianna Valleskey contributed to this report.