TD Ameritrade Chief Strategist JJ Kinahan On Herbalife Ahead Of Earnings

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Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said Herbalife Ltd.
HLF
"is at its 70th percentile from an implied volatility perspective." "It's a little bit elevated going into earnings but we're expecting a big move...of just under 9.5 percent" surrounding the earnings announcement, according to Kinahan. Herbalife's "numbers do tend to cause some major swings" and in "the short term...where we did see some players earlier were in the weekly $40 Calls." Kinahan concluded by noting that "this is a stock that has enjoyed an almost 12 percent move since the end of January." Heading into its earnings announcement on Thursday, Herbalife Ltd. traded at $34.25, up 1.75 percent. Kevin Riley and Brianna Valleskey contributed to this report.
Posted In: ExclusivesJJ KinahanTD Ameritrade
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