Pre-earnings options volume in Snap Inc. is 2.3x normal with calls leading puts 10:9. Implied volatility suggests the market is anticipating a move near 18.7%, or $2.14, after results are released. Median move over the past eight quarters is 15.6%.
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 SNAP:
- Options Volatility and Implied Earnings Moves Today, April 25, 2024
- TikTok says ‘unconstitutional law is a TikTok ban,’ will challenge in court
- Pinterest price target lowered to $40 from $48 at KeyBanc
- What Wall Street is saying about Meta ahead of earnings
- Roth MKM has ‘incremental positive bias’ on Snap ahead of Q1 results