Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan discussed the FireEye Inc FEYE options market.
Kinahan said that, based on implied volatility, the market expected an 8.25 percent move for FireEye Inc, up or down, following earnings.
Kinahan also noted increased sales of May weekly $40 Puts ahead of the earnings report.
In terms of historical volatility, the stock was at the 6th percentile and had not moved much recently, Kinahan said.
FireEye Inc reports Q1 earnings Thursday and heading into the release it traded at $42.44, down 1.21 percent.
Kevin Riley and Brianna Valleskey contributed to this report.
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