Speculative Bullish Options Activity in Red Hat (RHT) Ahead of Q2 Earnings Announcement on 9/20 -Susquehanna

Susquehanna options strategist Alison Edwards notes speculative bullish options activity in Red Hat (NYSE: RHT), as an opening investor bought ~4k Sep 150 Calls for $2.40. This trade could be earnings-related with earnings estimated for mid-Sept. Recall, RHT has an outsized move (-14%) from earnings back in June; stock is down ~2% since then.

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