Chegg options imply 28.2% move in share price post-earnings
The Fly

Chegg options imply 28.2% move in share price post-earnings

Pre-earnings options volume in Chegg (CHGG) is 12.2x normal with calls leading puts 17:2. Implied volatility suggests the market is anticipating a move near 28.2%, or 50c, after results are released. Median move over the past eight quarters is 16.1%.

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