Pre-earnings options volume in Western Alliance (WAL) is 2.2x normal with calls leading puts 3:2. Implied volatility suggests the market is anticipating a move near 6.6%, or $6.15, after results are released. Median move over the past eight quarters is 6.4%.
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Read More on WAL:
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- Western Alliance price target raised to $92 from $85 at Wells Fargo
- Western Alliance price target raised to $110 from $92 at Barclays
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