Ericsson (ERIC) Seeing Bullish Option Flow Into Earnings

Susquehanna's options strategist Alison Edwards notes bullish flow in Ericsson (NASDAQ: ERIC) ahead of earnings this week.

"An opening investor in Ericsson bought 20k Jul 7 (.31d) puts for $0.20 to $0.25," Edwards comments. "This investor opens downside exposure/protection through the end of the week, breaking even on a ~8% decline in the underlying. The company will announce earnings on Thursday."

You May Also Be Interested In

• After-Hours Movers: CRWV, NBIS, SMCI, LITE, CAVA, HRB
• Snail, Inc. (SNAL) Reports Q3 Loss of $0.36
• Two Harbors rejects UWM Holdings lawsuit amid pending CrossCountry deal