Pre-earnings options volume in Canadian Pacific is 6.5x normal with calls leading puts 19:6. Implied volatility suggests the market is anticipating a move near 2.0%, or $1.62, after results are released. Median move over the past eight quarters is 0.8%.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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 CP:
- Canadian Pacific Kansas City Limited declares dividend
- North American rail traffic down 13.5% for the week ending January 20
- Canadian Pacific Kansas City price target raised to C$120 at Raymond James
- North American rail traffic down 4.6% for the week ending January 13
- Canadian Pacific Kansas City price target lowered to $78 from $79 at Stifel