Pre-earnings options volume in Elastic (ESTC) NV is 12.4x normal with calls leading puts 4:3. Implied volatility suggests the market is anticipating a move near 13.5%, or $12.62, after results are released. Median move over the past eight quarters is 12.1%.
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 ESTC:
- Options Volatility and Implied Earnings Moves Today, November 21, 2024
- Closing Bell Movers: Nvidia down slightly after Q3 results
- Elastic price target raised to $136 from $130 at Citi
- Elastic N.V. (ESTC) Q2 Earnings Cheat Sheet
- Options Volatility and Implied Earnings Moves This Week, November 18 – November 21, 2024