Pre-earnings options volume in Semtech is 4.4x normal with puts leading calls 3:1. Implied volatility suggests the market is anticipating a move near 11.6%, or $4.47, after results are released. Median move over the past eight quarters is 8.5%.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- 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 SMTC:
- Options Volatility and Implied Earnings Moves Today, June 05, 2024
- Options Volatility and Implied Earnings Moves This Week, June 03 – June 06, 2024
- SMTC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Semtech price target raised to $60 from $40 at Piper Sandler
- Semtech price target raised to $50 from $43 at B. Riley