Applied Optoelectronics options imply 23.7% move in share price post-earnings

Pre-earnings options volume in Applied Optoelectronics (AAOI) is 1.7x normal with calls leading puts 8:3. Implied volatility suggests the market is anticipating a move near 23.7%, or $6.04, after results are released. Median move over the past eight quarters is 12.6%.