Pre-earnings options volume in New Gold (NGD) is 1.2x normal with calls leading puts 13:2. Implied volatility suggests the market is anticipating a move near 6.3%, or 74c, after results are released. Median move over the past eight quarters is 7.5%.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NGD:
- New Gold options imply 6.3% move in share price post-earnings
- Soros boosts stakes in Microsoft, Electronic Arts, Amazon
- NGD Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- New Gold call volume above normal and directionally bullish
- New Gold Wins Final Court Approval for Coeur Mining Takeover Plan