TD Ameritrade's Chief Analyst Previews Costco's Second Quarter Results

is scheduled to report its second quarter results on Thursday before market open. Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that from a historical volatility percentile, Costco is trading in the 84th percentile. "We are seeing a lot really low volatilities right now, so it is kind of interesting when you see a stock that sticks out being so high," Kinahan told Benzinga. Kinahan added that he is expecting a move of around $3.06, or around two percent in either direction following the quarterly results. Kinahan noted that shares of Costco have been weak since announcing its new deal with

. He also added that he observed some sellers in the monthly (March) monthly $150 calls as well as sellers active on the weekly $150 calls. Jayson Derrick and Brianna Valleskey contributed to this report