Pre-earnings options volume in Range Resources (RRC) is 1.2x normal with calls leading puts 5:3. Implied volatility suggests the market is anticipating a move near 2.2%, or 77c, after results are released. Median move over the past eight quarters is 3.0%.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRC:
- Range Resources price target raised to $45 from $43 at Raymond James
- Range Resources price target raised to $46 from $40 at Scotiabank
- Range Resources: Strong Free Cash Flow and Strategic Growth Support Buy Rating
- Range Resources price target raised to $45 from $42 at RBC Capital
- Range Resources price target raised to $44 from $39 at Barclays