GOGO Gets Shorted


Tuesday, October 10, 2017

After shedding 19% in the last month, Gogo GOGO – NASDAQ got shorted more than usual earlier today when a trader bought 4,000 GOGO May 12 puts for $2.05 apiece.


On average, GOGO trades 425 put options per day so this order stood out like a sore thumb. Costing $820,000, GOGO has to lose 15% to the break-even price of $9.95 for it to pay off. Watch for GOGO to consolidate some of its recent weakness, but afterwards this name is likely going lower.

Get Tipped to Big Buyouts: By tracking unusual options activity, we alert members to big trades being made by insiders and pros. It’s like getting advanced notice on mergers and acquisitions, allowing you to get positioned before the headlines break. Click here to start trading with us.

Sign up for free research.

Enter your email to receive
Free Research