Dr. Stoxx Prescribes OTM Calls Or A Straddle Play On GoPro: 'The Stage Is Set For A Huge Upside Move'

As you might already know, GoPro Inc GPRO is scheduled to report its fourth-quarter 2014 earnings on Thursday, after market close; and the market is quite bullish! The stock is up more than 3 percent, in anticipation of the call.

According to TD Ameritrade, GoPro social sentiment is 95 percent positive heading into earnings. Market Prophit also pointed out that both the crowd and experts are “very strongly bullish.”

Related Link: Social Media Analytics: Experts Bullish On GoPro, LinkedIn And Twitter Ahead Of Earnings

Dr. Thomas Carr, founder of DrStoxx.com, spoke with Benzinga on Thursday, and said: “Analysts are somewhat cautious on the quarterly revenue numbers set to be announced at GoPro's earnings tonight. Negativity from the Apple patent has been keeping shares depressed. Given social media analysis showing "purchase intent" numbers about 75% higher than the previous year, we should see a beat of around 5%, up to $600 million. Thus, the stage is set for a huge upside move from here, perfect for some OTM calls or a straddle play.”