Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that options typically traded in low volumes on Tiffany & Co. TIF.
Looking at implied volatility, Kinahan observed that the stock was at its 80th percentile, therefore, the options were trading at a relatively higher volatility then they had in the past.
Kinahan said there had been greater buying interest in March $90 Calls and noted that traders were speculating to the upside.
The company was scheduled to report Q4 earnings on Friday before the open.
Ahead of its earnings release, Tiffany & Co. traded at $86.57, up 1.31 percent.
Kevin Riley and Brianna Valleskey contributed to this report.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
