Pre-earnings options volume in Rackspace Technology is 4.1x normal with puts leading calls 19:5. Implied volatility suggests the market is anticipating a move near 13.0%, or 29c, after results are released. Median move over the past eight quarters is 6.6%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RXT:
- Options Volatility and Implied Earnings Moves Today, March 12, 2024
- Rackspace Technology Participates in Cloud Nirvana Spring 2024 Conference on Designing, Implementing and Executing Enterprise Hybrid and Multicloud Strategies
- Rackspace Technology to Announce Fourth Quarter and Full Year 2023 Earnings on March 12, 2024
- Rackspace Technology Achieves the AWS Generative AI Competency
- Rackspace Technology options imply 11.6% move in share price post-earnings
