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%.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.