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Here's Why Investors Should Expect A 10% Move For GoPro, Twitter And Yelp

Here's Why Investors Should Expect A 10% Move For GoPro, Twitter And Yelp
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TD Ameritrade's Chief Strategist JJ Kinahan told Benzinga that shares of GoPro Inc (NASDAQ: GPRO) are expected to move 10 percent either up or down following the release of the company's fourth-quarter report on Thursday after market close.

"We're seeing bullish activity, particularly earlier this week on the February monthly $55 line," Kinahan said, noting that there was more activity in the weekly $53.5 line on Wednesday.

10 Percent Move Expected For Twitter

Kinahan also sees a 10 percent move in shares of Twitter Inc (NYSE: TWTR) after its fourth-quarter report is released on Thursday after market close.

"The expected move right now, based on the options pricing, is 10.7 percent, which is pretty amazing," Kinahan said. The strategist also pointed out that there have been some call speculators over the last week or so, particularly at the $42 and $45 weekly line.

Related Link: JP Morgan Likes Twitter, Pandora And LinkedIn Ahead Of Earnings

Exercise Caution For Yelp, LinkedIn

Investors looking to trade in to Yelp Inc's (NASDAQ: YELP) fourth-quarter report on Thursday should also be aware that the market is predicting almost exactly a 10.25 percent move.

Kinahan also told Benzinga "in terms of weekly options, we've seen some activity over the past few days on the $60 line."

On the other hand, shares of LinkedIn Corp. (NYSE: LNKD) are likely to see a more muted response of around 7 percent following its fourth-quarter report on Thursday.

Kinahan did warn investors that options predictions for LinkedIn and Yelp are wider because of the lower volume.

"LinkedIn traded 9,300 total options, whereas Twitter has traded 84,000," Kinahan said, while urging investors to "take that into consideration" when trading into their earnings report.

Latest Ratings for GPRO

Jan 2017Longbow ResearchDowngradesNeutralUnderperform
Nov 2016WedbushDowngradesOutperformNeutral
Nov 2016DoughertyDowngradesNeutralSell

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: JJ Kinahan TD AmeritradeAnalyst Color Options Exclusives Markets Analyst Ratings Trading Ideas Best of Benzinga


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