Goldman Sachs recommended buying option straddles on Groupon Inc GRPN, Whole Foods Market, Inc., WFM and Cree, Inc. 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, Inc in particular, Fogertey and Marshall recommended the February $52.50 straddles to play the February 12th earnings move.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.