Options traders are betting the video conferencing stock may be gearing up for a double-digit move higher.
is up more than 50% already this year, and has risen nearly 200% since it hit the market last April. It's fair to ask whether this stock has run too far, too fast, but options traders are answering with a resounding "no."
Betting on a double-digit near-term move higher from Tuesday's close in a stock ahead of a catalyst like earnings is always risky, but playing it through options — rather than buying the stock outright — is a good way to define that risk.
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