Pre-earnings options volume in Splunk is 2.6x normal with puts leading calls 9:8. Implied volatility suggests the market is anticipating a move near 7.3%, or $7.27, after results are released. Median move over the past eight quarters is 5.3%.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SPLK:
- Splunk (NASDAQ: SPLK) Surges after Strong Q2 Performance and Upbeat FY24 Outlook
- Options Volatility and Implied Earnings Moves Today, August 23, 2023
- Splunk may see re-acceleration of ARR growth on better macro, says RBC Capital
- Options Volatility and Implied Earnings Moves This Week, August 21 – August 24, 2023
- Splunk price target lowered to $108 from $115 at Mizuho