Bullish Options Positioning in Hain Celestial (HAIN) with Shares Down 17% Today Following Q2 Earnings Miss -Susquehanna

Susquehanna options strategist Alison Edwards notes bullish options positioning in Hain Celestial (NASDAQ: HAIN), as shares trade lower by 17% following this morning's Q2 miss, as a rolling investor purchased 17k Jan21 20/23 call spreads for $0.83, untied and rolling long calls to the lower strike. This investor adjusts their upside positioning to capture an upside move above $20 (up 37%) through January of 2021.

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