Pre-earnings options volume in PennyMac Financial (PFSI) is 2.5x normal with calls leading puts 13:1. Implied volatility suggests the market is anticipating a move near 4.7%, or $7.01, after results are released. Median move over the past eight quarters is 5.6%.
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 PFSI:
- PennyMac Financial Services (PFSI) Q4 Earnings Cheat Sheet
- PennyMac Financial price target raised to $168 from $146 at Piper Sandler
- Jefferies says mortgage stocks reflect expectations for more than just ‘one-off’
- Single-family rental REIT selloff looks overdone, says Keefe Bruyette
- PennyMac Financial price target raised to $158 from $139 at Barclays