Should You Buy YELP Stock on Weakness? Let’s Dive into the Options Roadmap.

Crowd-sourced review app Yelp (YELP) recently made Barchart’s screener for unusual stock options volume but for all the wrong reasons. Releasing a stinker of a sales guidance will do that to you. Still, if you’re an extreme believer in the buy low, sell high philosophy, then YELP stock call options could be an intriguing proposition. We’ll get into the options roadmap to help you navigate the mess.

First, let’s discuss a bit the turmoil that occurred. Last Friday, YELP stock pinged as one of the most aberrant trades in the derivatives market. Specifically, total volume reached 11,204 contracts against an open interest reading of 18,425 contracts. Further, the difference between Friday’s volume and the trailing one-month average metric came out to 1,235.4%.