Warby Parker’s Unusual Options Activity Points to a Covered Call Bet: Bullish on Growth, Cautious on Valuation
Warby Parker's 1,500-contract December $22.50 call trade, tied to a stock purchase, signals an institutional covered call. The setup looks bullish on growth and earnings, but a rich valuation, slowing customer growth, and rising capex limit the stock's potential upside.
Barchart ·