$GPRO Back Below 200d - $5M Bearish Options Bet

$GPRO Back below 200d ema line, headed lower near term.

Bearish options bet today - 25k $8.00 strike (deep ITM) July puts traded today for total premium of $5.6M vs OI of less than 150

Medium term target - $4.00-$5.00 range by early July

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Note: Informational, not investment advice.