Pre-earnings options volume in E.l.f. Beauty is 1.5x normal with calls leading puts 7:5. Implied volatility suggests the market is anticipating a move near 11.8%, or $18.71, after results are released. Median move over the past eight quarters is 12.8%.
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Read More on ELF:
- e.l.f. Beauty positioned well for another quarterly beat, says Canaccord
- e.l.f. Beauty price target lowered to $151 from $167 at Stifel
- ELF Earnings this Week: How Will it Perform?
- e.l.f. Beauty price target lowered to $216 from $228 at Piper Sandler
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