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Trader bets Square moves 10% on earnings

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Trader bets Square will see a wild swing on earnings (via TradingNation)

spread right now. We're looking at the Nov. 8 $63 - $68 call spread around 1.25 here with the stock at $61.", whose CEO is Twitter chief Jack Dorsey, has tanked 24% since Aug. 4. It's a massive departure from the run it has had over the past three years. Over that time frame, it's up more than 400%.

"It's getting caught in this growth sell-off right now," said Rosin. "We're just not seeing the demand for these names." According to Refinitiv, Wall Street expects Square to earn 20 cents a share on $596.4 million in revenue in the third quarter. It earned 13 cents a share on $431.1 million in revenue in the period a year earlier.

 

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