Ericsson (ERIC) Seeing Bullish Option Flow Into Earnings
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Susquehanna's options strategist Alison Edwards notes bullish flow in Ericsson (NASDAQ: ERIC) ahead of earnings this week.
"An opening investor in Ericsson bought 20k Jul 7 (.31d) puts for $0.20 to $0.25," Edwards comments. "This investor opens downside exposure/protection through the end of the week, breaking even on a ~8% decline in the underlying. The company will announce earnings on Thursday."
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