'Sizable Put Buying' in Rent-A-Center (RCII) Into Next Earnings Cycle -Susqehanna

Susquehanna options strategists Alison Edwards notes bearish options activity in Rent-A-Center (NASDAQ: RCII), as an opening investor bought ~9500 May 7.5 puts for ~$0.325 and not long after there were buyers of ~4400 Jun 10 Puts for $1.60-1.80. Both gain exposure into early May earnings cycle. Similar options activity was noticed when RCII lowered guidance and fell 18%.

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