Pre-earnings options volume in Western Alliance is 1.3x normal with puts leading calls 8:3. Implied volatility suggests the market is anticipating a move near 5.4%, or $3.00, after results are released. Median move over the past eight quarters is 5.0%.
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 WAL:
- Western Alliance put volume heavy and directionally bearish
- WAL Earnings this Week: How Will it Perform?
- Western Alliance call volume above normal and directionally bullish
- Western Alliance price target lowered to $70 from $80 at Jefferies
- Western Alliance price target lowered to $81 from $82 at UBS