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.

You May Also Be Interested In

• Tesla Crash Into Texas Home Now Under Federal Safety Probe - WSJ
• FedEx (FDX) call put ratio 1 call to 1.5 puts into quarter results
• Texas AG Paxton announces ongoing investigation into Carnival over data breach