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Chief Strategist Says Market Expects 3.5% Move For Yahoo

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Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan commented on Yahoo! Inc. (NASDAQ: YHOO) ahead of its earnings report.

Kinahan noted that the stock was down more than 10 percent since its last earnings announcement while, based on implied volatility, the market was expecting a 3.5 percent move (up or down) for the stock following earnings.

In terms of options activity, Kinahan said that Calls had traded about 2.5x normal volume on Monday with January $55.60 and $55.65 Call spreads seeing the most activity.

Week 2 May options also saw increased buying at the $45 strike price with over 5500 contracts purchased Monday.

Yahoo reports Q1 earnings Tuesday following the market close and recently traded at $44.63, down 0.06 percent.

Kevin Riley and Brianna Valleskey contributed to this report.

Posted-In: JJ Kinahan TD AmeritradeAnalyst Color Previews Options Exclusives Trading Ideas

 

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