Call Buying Activity in Weibo (WB) Targets 4% Upside in Shares Through Early January -Susquehanna

Susquehanna options strategist Alison Edwards notes call buying activity in Weibo (NASDAQ: WB) following yesterday’s 10% decline on earnings, as an opening investor purchased 5,800 Jan8 40 Calls for $1.30. This investor opens upside exposure through the end of next week, breaking even on a 4% rally in the underlying.

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