Spotify’s shares are trading at a price very close to its 12-month high, with a roughly 150% increase in stock price since this time last year. So there’s clearly wind in the sails of investors, and a handful of them, reports say, are placing large “calls” via stock options – leveraged time-limited trades that predict a stock will soon rise. (There are also, note, others placing options that predict the price will change in different ways.)
Spotify’s next quarterly earnings report is scheduled to arrive within the next few weeks, so these investors are essentially placing bets that this report will contain good news – an approach that is more risky than waiting for the report and then investing, but bears…
