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Call options preferred over puts by DoorDash

By BFTLR Team

Investors of DoorDash, have kept the share price range ahead of the company’s fiscal second-quarter earnings. Options traders are positioned for a positive move, as the open interest features a growing number of call options. A rising number of call options remain in the open interest for DASH. Trading volumes indicate that traders have an increasing number of purchased call options & selling puts. The trend of DASH shows the lowest share price in mid-July around $163 & the highest was $193 in early August. The open interest featured over 66,000 calls compared to 67,000 put. Open interest numbers are obviously more inclined towards call options. DoorDash is not a publicly-traded company so it is difficult to determine any earning trends.

Source: Investopedia

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