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TD Ameritrade Chief Strategist Sees 9% Move For Herbalife

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TD Ameritrade Chief Strategist JJ Kinahan told Benzinga that Herbalife Ltd. (NYSE: 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 traded at $34.25, up 1.75 percent.

Kevin Riley and Brianna Valleskey contributed to this report.

Latest Ratings for HLF

DateFirmActionFromTo
Aug 2019UpgradesNeutralBuy
Aug 2019MaintainsBuy
Oct 2018Initiates Coverage OnBuy

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Posted-In: JJ Kinahan TD AmeritradeAnalyst Color Exclusives Analyst Ratings

 

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