Pre-earnings options volume in Flex is 5.6x normal with puts leading calls 16:1. Implied volatility suggests the market is anticipating a move near 6.1%, or $1.47, after results are released. Median move over the past eight quarters is 3.7%.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FLEX:
- Is FLEX a Buy, Before Earnings?
- JPMorgan opens catalysts watches in hardware and networking into Q4
- Flex price target lowered to $30 from $35 at Barclays
- Largest borrow rate increases among liquid names
- Flex completes spin-off of remaining interest in Nextracker
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue