Pre-earnings options volume in Avis Budget (CAR) is 1.4x normal with calls leading puts 3:2. Implied volatility suggests the market is anticipating a move near 11.9%, or $9.87, after results are released. Median move over the past eight quarters is 8.7%.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAR:
- CAR Earnings this Week: How Will it Perform?
- Playtika to acquire SuperPlay, Intel says not selling Mobileye: Morning Buzz
- Five Below downgraded, DoorDash upgraded: Wall Street’s top analyst calls
- Avis Budget initiated with an Equal Weight at Barclays
- Avis Budget call volume above normal and directionally bullish