Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that the options market is predicting almost exactly a 10.25 percent move for Yelp Inc YELP after earnings.
“In terms of weekly options, we’ve seen some activity over the past few days on the $60 line,” he said.
Kinahan said that LinkedIn Corp LNKD is also expected to move about 7 percent.
But Kinahan explained that options predictions for stocks like Yelp and LinkedIn are much wider because they are not traded as much.
“LinkedIn traded 9,300 total options, whereas Twitter has traded 84,000,” he said. “So you really have to take that into consideration when you talk about this.”
Linked was trading at $231.76 Wednesday, down 0.4 percent. Yelp traded at $56.56, up 1.4 percent.
Brianna Valleskey contributed to this report.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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