Key insights
- Allbirds' shift to AI is viewed skeptically, yet options are unavailable. This absence, possibly due to low trading volume or company-specific restrictions, limits speculative trading and hedging. The lack of options may reflect market uncertainty or a lack of institutional interest in the stock, potentially increasing downside risk.
As we're all aware at this point, AllBirds has decided to pivot from a shoe company to an AI hardware company (news)
This has been described as a hail mary of a market move. Hail Mary implies risk, and option traders would love to be on either end of it if the pricing is right
However, AllBirds stock does not appear to have options ...at all?
How is that possible? Is nobody writing options or is there some kind of rule against it I'm missing? How can a publicly traded equity not have options being sold around it?