Heavily-Shorted Revlon (REV) Sees January Call Buying - Susquehanna

Susquehanna options strategist Alison Edwards noted January call buying in heavily shorted name Revlon (NYSE: REV).

"An opening investor in the heavily shorted Revlon Inc. bought 11k Jan 35 (.12d) calls in small lots, most for $0.50, breaking even on a ~300% rally," Edwards commented. "Short interest is 60% of REV’s float, which is the highest for all US listed stocks with a >$500 mln market cap (CURV is 2nd w/ ~51%, DDS is 3rd at ~50%) REV is expected to announce earnings this week (Bloomberg est. 8/5)."

You May Also Be Interested In

• After-Hours Movers: CRWV, NBIS, SMCI, LITE, CAVA, HRB
• JD.com (JD) call put ratio 1.1 calls to 1 put into quarter results
• CoreWeave (CRWV) call put ratio 2 calls to 1 put into quarter results