Traders see a climb in GoPro’s future
Option traders are making a bullish bet on GoPro (GPRO) Monday. Specifically, 8,284 contracts of the May 26-expiring call have changed hands today. Previous open interest was 303 contracts. The majority of today’s trades have been on the high side of the spread, indicating that these contracts are buy-to-open activity.
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About GoPro Inc.
GoPro Inc is a United States-based company that is principally engaged in designing and providing cameras, mounts, drones and appliances. The company outsources a part of manufacturing to third parties in China. The company sells products across the world through its direct sales channel, which generates over half of total revenue, and indirectly through its distribution channel. The company has presence, including in the Americas, Europe, Middle East, Africa, and Asia-Pacific, with the Americas contributing over half of total revenue.