Put Buying Activity in Weibo (WB) Targets Over 7% Downside in Shares Through April -Susquehanna

Susquehanna options strategist Alison Edwards notes put buying activity in Weibo (NASDAQ: WB), as an opening investors purchased 2.6k Apr 48 Puts for $1.25. These investors open downside protection to a move below $48 (-7.9%) through mid-Apr, breaking even on a ~10% move lower.

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