Pre-earnings options volume in Avis Budget is 4.3x normal with calls leading puts 7:4. Implied volatility suggests the market is anticipating a move near 10.5%, or $17.88, after results are released. Median move over the past eight quarters is 5.7%.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CAR: