Strategist Sees 11% Post-Earnings Move For Yelp

Yelp Inc YELP will move, up or down, about 11 percent based on recent options trading activity, a strategist told Benzinga Wednesday.

JJ Kinahan, chief strategist for TD Ameritrade, noted that the San Francisco-based consumer review company's shares are off more than 3 percent during the past three months.

Wall Street expects Yelp to post first-quarter adjusted earnings after the bell Wednesday of $0.01 a share, compared with a year-earlier loss of $0.04.

Analysts on average have forecast that Yelp's first-quarter revenue will grow 57 percent to $120 million.

"They really don't trade money options at all," Kinahan said. "From an options point of view there's nothing outstandingly interesting one way or the other."