Close Navigation
Learn more about IBKR accounts
22,000 Bumble Inc. (Symbol: BMBL) Trade

OptionWatch:

22,000 Bumble Inc. (Symbol: BMBL) Trade

Posted August 21, 2023
Jeff Praissman
Interactive Brokers

This morning 22,000 Bumble Inc. (Symbol: BMBL) September 15 ’23 15 puts traded between $0.25 and $0.30. This was an opening trade as the open interest in the BMBL September 15 ’23 15 puts was 2,000 contracts. The puts are a 20 delta, and the trade is the equivalent of 440,000 shares of stock.

BMBL earnings are not expected to be released until the week of November 7th which falls after the puts expire so this was not an earnings play.

BMBL is currently trading at $16.70 well off its 52-week high of $28.57 and closer to its 52-week low of $14.73. The trader may believe BMBL shares will continue to slide and wants to take advantage by buying the large number of downside puts.

This morning 22,000 Bumble Inc. (Symbol: BMBL) September 15 ’23 15 puts traded between $0.25 and $0.30.

Join The Conversation

If you have a general question, it may already be covered in our FAQs. If you have an account-specific question or concern, please reach out to Client Services.

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

Disclosure: Options Trading

Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the "Characteristics and Risks of Standardized Options" also known as the options disclosure document (ODD) or visit ibkr.com/occ

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.