Bullish Options Activity in Wayfair (W) Targets Upside in Shares into April Following 22% Pullback on Earnings -Susquehanna
Susquehanna options strategist Alison Edwards notes bullish options activity in Wayfair (NYSE: W) following a 22% pullback last week, as an investor bought the Apr 77.5/85 1x2 call spread (2500 x 5k) paying $0.89, targeting 6.5% upside over the next 2 months capped at $85.