Schaeffer's Top Stock Picks for '25

GoPro, Inc. (GPRO) Puts Popular as Shares Tumble

GoPro Inc (GPRO) hasn't had the best few months on the charts

Digital Content Group
Apr 1, 2015 at 2:18 PM
facebook X logo linkedin


During the past three months, GoPro Inc (NASDAQ:GPRO) has underperformed the S&P 500 Index (SPX) by roughly 36 percentage points. That downtrend is continuing today, with the shares 5.8% lower to trade at $40.91. In GPRO's options pits, put volume is accelerated, with heavy focus on the weekly in-the-money 4/2 41.50-strike put. It appears traders are buying to open the contracts, as they look to profit on a bigger dip in the shares by the time the options expire at tomorrow's close.

Strangely, even as GPRO has continued to slide on the charts, short-term speculators have become more call-skewed. This becomes apparent when looking at the equity's Schaeffer's put/call open interest ratio (SOIR), which currently sits at 0.78 -- near all-time lows. Looking at the chart below, it's clear traders have grown much more call-skewed than normal, at least toward options expiring in three months or less.

Daily Closing Price of GPRO since October 2014 with SOIR

On the other hand, short interest on GPRO is high, with bearish traders shorting 34.3% of the equity's float. There is a chance that the recent rush for calls is due to short sellers looking to hedge their bets against any upside move in GoPro Inc (NASDAQ:GPRO).

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

10 Stock Picks FREE
 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter