Bullish Options Activity in Express (EXPR) Continues Ahead of June 1 Earnings Announcement -Susquehanna

Susquehanna Options Strategists Alison Edwards notes a continuation of bullish options activity in Express (NYSE: EXPR) ahead of the company's earnings announcement June 1st before the market opens, as investors purchased another ~7,500 Jun 9 Calls, making investors long ~25,000 of these calls, and suggesting there’s increased potential for stock to be >$9 at 6/16 expiration. Last week, as opening investor sold ~55,000 Jun 7 Puts, suggesting $7 could a ‘floor’ in the shares.

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