Mission Produce Stock Slices Through Q3 Expectations

Core Insights - Mission Produce's shares increased by 4.4% to $13.44 after exceeding fiscal third-quarter earnings and revenue estimates, attributed to strong performance in its marketing and distribution division [1] - The stock is on track for a third consecutive gain and is attempting to surpass the $14 level for the first time since January, supported by its 20-day moving average; over the past 12 months, the stock has risen by 27.4% [2] - Following the positive earnings report, there has been a significant increase in options trading activity, particularly from bullish traders, with 2,638 calls and 263 puts traded, which is 24 times the usual volume; the September 12.50-strike call is the most popular, with new positions opening at the 15-strike call [3]