Pre-earnings options volume in Alcoa (AA) is normal with calls leading puts 10:9. Implied volatility suggests the market is anticipating a move near 5.8%, or $2.06, after results are released. Median move over the past eight quarters is 3.4%.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AA:
- Alcoa announces $60M capital investment in New York smelter
- Alcoa secures 10-year energy contract for Massena Operations
- Alcoa receives backing for Gallium project, says Morgan Stanley
- Alcoa’s Strategic Gallium Initiative and Market Positioning Drive Buy Rating
- Alcoa ‘welcomes’ U.S, Australia advancing gallium plant development