Pre-earnings options volume in Western Alliance is 1.3x normal with puts leading calls 8:3. Implied volatility suggests the market is anticipating a move near 5.4%, or $3.00, after results are released. Median move over the past eight quarters is 5.0%.
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 WAL:
- Western Alliance put volume heavy and directionally bearish
- WAL Earnings this Week: How Will it Perform?
- Western Alliance call volume above normal and directionally bullish
- Western Alliance price target lowered to $70 from $80 at Jefferies
- Western Alliance price target lowered to $81 from $82 at UBS