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What You Need To Know In Options For This Week: Tesla, Snap, Netflix And More

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What You Need To Know In Options For This Week: Tesla, Snap, Netflix And More

The VIX sits about 27.50 and its futures curve is upward sloping into election week. Options expiring that week will have higher implied volatility, even in individual stocks. Speaking of individual stocks, we're now entering the heart of earnings season so keeping an eye on the earnings calendar is crucial. And it's not just earnings, Biogen, which reports this week has a much bigger event the first week of November and is producing one of the more wild expected move charts you'll ever see (see below in Earnings of Note).

Here's how this week looks through the lens of the options market. Moves are from Monday's open to Friday's close.

Expected Moves via Options AI

  • Last week's expected move in SPY: 1.6%
  • Last week’s actual move SPY: -0.7%
  • This week's expected move in SPY: 1.7%:

 

Earnings Week

Banks/Financial earnings dominated last week. This week focus turns to some big tech names and our first look at some high-flyers and story stocks like Tesla, Netflix and Snap.

Here's a quick 7 day expected move overlay of some notable names set to report. Below in Earnings of Note, we'll look at these individually, zeroing in on their expected moves for Friday's close as well as how they moved last earnings:

Earnings of Note

Earnings time, expected move for this Friday (highlighted on Options AI chart), the stock levels those correspond to currently, and last earning's actual move:

Monday 4:05pm - International Business Machines (NYSE: IBM) | expected move: 3.8%  (last earnings: +4.6%)

Tuesday 7:00am - Proctor & Gamble (NYSE: PG) | expected move: 2.6%  (last earnings: +2.9%)

Tuesday 7:30am - Lockheed Martin (NYSE: LMT) | expected move: 3.0%  (last earnings: +3.7%)

Tuesday 4:00pm - Netflix (NASDAQ: NFLX) | expected move: 7.9%  (last earnings: -8.2%)

Tuesday 4:00pm - Texas Instruments (NASDAQ: TXN) | expected move: 4.1%  (last earnings: -3.7%)

Tuesday 4:10pm - Snap (NYSE: SNAP) | expected move: 11.2%  (last earnings: -9.2%)

Wednesday 6:30am - Biogen (NASDAQ: BIIB) | expected move: 4.1%  (last earnings: +2.2%)

Wednesday 7:30am - Abbott Laboratories (NYSE: ABT) | expected move: 3.4%  (last earnings: -2.5%)

Wednesday 7:30am - Verizon Communications (NYSE: VZ) | expected move: 2.1%  (last earnings: +3.1%)

Wednesday 4:00pm - Las Vegas Sands (NYSE: LVS) | expected move: 5.3%  (last earnings: -5.5%)

Wednesday 4:10pm - Chipotle Mexican Grill (NYSE: CMG) | expected move: 5.7%  (last earnings: -5.8%)

Wednesday 4:25pm - Tesla (NASDAQ: TSLA) | expected move: 8.4%  (last earnings: -7.0%)

Thursday 6:30am - Southwest Airlines (NYSE: LUV) | expected move: 4.5%  (last earnings: -3.7%)

Thursday 6:55am - The Coca-Cola Co (NYSE: KO) | expected move: 2.5%  (last earnings: +4.1%)

Thursday 7:00am - American Airlines (NASDAQ: AAL) | expected move: 6.1%  (last earnings: +9.3%)

Thursday 7:05am - AT&T (NYSE: T) | expected move: 3.1%  (last earnings: -2.1%)

Thursday 4:00pm - Intel (NASDAQ: INTC) | expected move: 4.7%  (last earnings: -18.0%)

Friday 7:00am - American Express (NYSE: AXP) | expected move: 3.3%  (last earnings: -3.5%)

 

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