$BE
Pre-earnings options activity shows a bullish bias despite the recent selloff.
Large call buying appeared in the Aug. 21 $230 Calls, with several ask-side sweeps totaling millions in premium.
Options market is pricing a wide post-earnings move, while revenue expectations remain positive but EPS estimates are lower quarter over quarter.
The key question is whether earnings can change sentiment around the stock.
Options flow shows positioning, not a guaranteed outcome.
