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Goldman Sachs Recommends Option Straddles Ahead Of Earnings Reports

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Goldman Sachs recommended buying option straddles on Groupon Inc (NASDAQ: GRPN), Whole Foods Market, Inc., (NASDAQ: WFM) and Cree, Inc. (NASDAQ: CREE) ahead of earnings.

Derivatives strategists Katherine Fogertey and John Marshall suggested straddle positions that cost the same or less that the amount shares have moved on prior reports. Traders should look for the closest-listed February options.

For Whole Foods Market in particular, Fogertey and Marshall recommended the February $52.50 straddles to play the February 12 earnings move.

Latest Ratings for GRPN

DateFirmActionFromTo
Mar 2021JP MorganUpgradesUnderweightNeutral
Mar 2021Credit SuisseMaintainsNeutral
Jan 2021Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for GRPN
View the Latest Analyst Ratings

 

Related Articles (WFM + GRPN)

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Posted-In: Goldman Sachs John Marshall Katherine FogerteyAnalyst Color Options Markets Analyst Ratings Trading Ideas

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