Pre-earnings options volume in Forward Air (FWRD) is 1.1x normal with calls leading puts 12:1. Implied volatility suggests the market is anticipating a move near 11.5%, or $3.89, after results are released. Median move over the past eight quarters is 8.4%.
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Read More on FWRD:
- Forward Air price target raised to $36 from $31 at Stifel
- Forward Air (FWRD) Q3 Earnings Cheat Sheet
- Forward Air hires bankers to lead formal sales process, FreightWaves reports
- Forward Air call volume above normal and directionally bullish
- Wolfe Research sees ‘mixed bag’ across freight, no signs of broad recovery