The shares of dating app Bumble Inc (NASDAQ: BMBL) are down 3% at $59.79 after no fewer than eight analysts initiated coverage on the stock, which has only been publicly traded since mid-February. Some worth noting are from J.P. Morgan Securities and Goldman Sachs, which both started at a "neutral" rating, while BMO and Raymond James each started at "market perform." Meanwhile, Citigroup, one of the many bullish analysts, noted that online dating has long-term tailwinds such as decreasing stigma, older marriages, and expanding global middle class. 

Though BMBL's first day was a huge success -- soaring above its initial public offering (IPO) price of $43 -- the stock has been steadily falling on the charts for the last few weeks. Despite today's pullback and Friday hitting a record low of $ 57.53 during intraday trading, the equity did manage to snap its three-day losing streak, as Friday's session came to a close.

Albeit amid light absolute volume, in the last 10 days, 2.12 calls have been bought for every put at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). Today, BMBL is seeing the same preference for calls, though with double the usual call volume typically seen at this point. So far, 747 calls have crossed the tape, compared to just 84 puts. The March 70 call is the most popular, followed by the April 70 call.