GoPro Inc. is set to report second-quarter earnings after the closing bell this afternoon, the company’s first earnings release since its IPO. Shares in the name kicked off the trading session in negative territory amid a broad-based selloff in equities. Declines for GPRO shares were short-lived, however and the stock is currently up nearly 3.0% to trade at $47.58 and the highest level since July 1st as of 3:10 p.m. ET.
Options volume on the name is the second-highest ever for GPRO, with more than 40,000 contracts in play, or roughly twice the average daily level, as of the time of this writing. The record level of options traded in a single session for GoPro was 52,281 contracts on July 15th. Trading traffic in GPRO call options is outpacing that in puts, with the call/put ratio hovering near 1.55 in the final hour of the session.
Chart – GPRO shares touch highest since July 1st
