Bearish Options Activity in Yelp (YELP) Targets 10.5% Downside in Shares Ahead of Annual Shareholder Meeting on June 7th -Susquehanna

Susquehanna options strategist Alison Edwards notes put buying activity in Yelp (NYSE: YELP), as an opening investor bought 3,000 Jul 40 Puts for $0.79. This investor breaks even in the event of a 10.5% pullback through mid-July. This gives exposure to the company’s annual shareholder meeting on 6/7.

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