Pre-earnings options volume in Lumentum is 1.8x normal with calls leading puts 19:4. Implied volatility suggests the market is anticipating a move near 10.6%, or $4.88, after results are released. Median move over the past eight quarters is 5.1%.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LITE:
- Options Volatility and Implied Earnings Moves Today, August 14, 2024
- Lumentum price target raised to $65 from $57 at JPMorgan
- Options Volatility and Implied Earnings Moves This Week, August 12 – August 15, 2024
- LITE Upcoming Earnings Report: What to Expect?
- Lumentum price target raised to $70 from $60 at Susquehanna