Pre-earnings options volume in Mercury General (MCY) is 2.8x normal with puts leading calls 35:1. Implied volatility suggests the market is anticipating a move near 11.2%, or $5.60, after results are released. Median move over the past eight quarters is 4.5%.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCY:
- MCY Upcoming Earnings Report: What to Expect?
- Wolfpack is short Mercury General, estimates over $2B in losses from wildfires
- Mercury General named a short at Wolfpack after California wildfires
- Mercury General Addresses Impact of California Wildfires
- Allstate (ALL) Stock Plunges as L.A. Wildfire Damages Top $150 Billion