Atlassian (TEAM) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Below Consensus

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Go back to Atlassian (TEAM) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Below Consensus

Call Buying Activity in Atlassian (TEAM) Targets 6% Upside in Shares into November -Susquehanna

October 30, 2020 2:02 PM EDT

Susquehanna options strategist Alison Edwards notes call buying activity in Atlassian (NASDAQ: TEAM), as an opening investor bought 7.5k Nov 197.5 Calls for up to $7.90. The investor opens upside exposure to a move beyond $197.50 (+2.4%), breaking even on a ~6% move higher.

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