Susquehanna options strategist Alison Edwards notes bearish activity in Pandora (NYSE: P), as ~21,000 June 10 Puts were purchased, creating 1.1 million shares for sale.

Options Trader Talk

Pandora (P) options active on CNBC report company can get deal done in 30-daysMay 9, 2017 12:16 PM Pandora (P) Said to be Confident it Can Get Deal in 30 Days - CNBCMay 9, 2017 12:11 PM Pandora (P) Active, Pares Earlier DeclineMay 9, 2017 12:10 PM Pandora (P) Weakness Continues, Shared Down Over 8%May 9, 2017 10:30 AM Pandora (P) Sale said to be Less Likely with KKR - CNBC's FaberMay 9, 2017 9:22 AM Pandora (P) PT Lowered to $12 at Susquehanna Following Mixed 1QMay 9, 2017 7:39 AM Pandora (P) PT Lowered to $12 at Wells FargoMay 9, 2017 6:45 AM Pandora (P) PT Lowered to $8 at Cowen Following 1Q Report on Disappointing Q2 & FY17 GuidanceMay 9, 2017 6:28 AM Pandora (P): On A Path Toward Stability - StifelMay 9, 2017 6:09 AM Pandora (P) PT Lowered to $15 at RBC CapitalMay 9, 2017 5:32 AM Pandora (P) PT Lowered to $8 at CowenMay 9, 2017 5:28 AM Pandora (P) PT Lowered to $12 at BMO CapitalMay 9, 2017 5:26 AM Pandora (P) Initial Trials of On-Demand Product Are Encouraging - William BlairMay 9, 2017 5:18 AM Options expected to have increasing volume: MAR P HTZ AMC DIS JCP M JWN KSS May 9, 2017 5:13 AM Pandora (P) Upside May Require The Company To Sell Itself - Pacific CrestMay 9, 2017 5:12 AM Pandora (P) PT Raised to $18 at Goldman SachsMay 9, 2017 5:10 AM Pandora (P) PT Lowered to $12 at Instinet, "A Change Would Do You Good, Hopefully"May 9, 2017 3:44 AM