Bullish option flow detected in Bumble with 1,144 calls trading, 4x expected, and implied vol increasing over 1 point to 65.06%. Jan-25 25 calls and May-24 12.5 puts are the most active options, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 0.35. Earnings are expected on November 7th.
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Read More on BMBL:
- Bumble price target lowered to $21 from $26 at Stifel
- Bumble reinstated with a Neutral at BofA
- Bumble call volume above normal and directionally bullish
- Bumble price target lowered to $16 from $18 at Piper Sandler
- Bumble price target lowered to $23 from $26 at Goldman Sachs
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