NEW YORK, Feb 5 (Reuters) – A large bet in the options of
Pandora Media Inc on Thursday appeared to be banking on a
sharp drop in the share price of the U.S. Internet-radio-service
provider after it reports its quarterly results later in the
On Thursday, a trader in the options market appeared to have
bought 14,000 Pandora put options that bet on shares dipping
below $16 by Friday, or about 13 percent, said Fred Ruffy,
options strategist at WhatsTrading.com. The contracts were
traded at 35 cents.
Twitter Reaches Deal to Show Tweets in Google Search Results
NEW YORK (Reuters) – Twitter Inc (TWTR.N: Quote, Profile, Research) shares are poised for a big move after it reports quarterly results on Thursday, according to options-market data, with user growth at the social media service possibly holding the key to whether shares rise or fall, analysts said.
On Wednesday, the cost of a Twitter straddle, in which an investor buys an at-the-money put option and a similar call option, suggests a move of about 12 percent in either direction by Friday.