Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that the expected move on earnings for Twitter Inc TWTR is more than 10 percent.
“The expected move right now, based on the options pricing, is 10.7 percent, which is pretty amazing,” he said.
What interested Kinahan is that there’s been some call speculators over the last week or so, particularly at on the $42 and $45 weekly line.
“If you look at the implied volatility percentile, it’s at the 60th percentile for the year,” Kinahan mentioned.
He added that both the call and put activity were twice the normal volume on Wednesday.
Shares of Twitter are trading [[please fill in :)]] ahead of today’s earnings report.
Brianna Valleskey contributed to this report.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
