Pre-earnings options volume in Confluent (CFLT) is 3.4x normal with calls leading puts 12:1. Implied volatility suggests the market is anticipating a move near 14.2%, or $3.36, after results are released. Median move over the past eight quarters is 16.9%.
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Read More on CFLT:
- Confluent price target lowered to $24 from $35 at Scotiabank
- Confluent price target lowered to $22 from $30 at Loop Capital
- Confluent price target lowered to $29 from $37 at Barclays
- Confluent price target lowered to $25 from $32 at Morgan Stanley
- Confluent price target lowered to $34 from $41 at TD Cowen