Stumble in Bumble as trader closes short put block. Shares of the dating site operator off 42c, or 5%, this morning near $8.10 following a large block trade where a customer paid 80c for 40k Aug 8 puts as shares traded near $7.84 about an hour into the day. Total of 50k bought on the day appear to close the largest block of open interest in the name, which were sold to open on June 25th for 14c with shares near $10.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.