Options data compiled by Bloomberg indicates traders are pricing in a potential 9.5% swing for Lam Research shares following its earnings report on July 29. The semiconductor equipment maker's stock has historically exceeded the market's volatility expectations in three of its last eight announcements.
Shares of Penske Automotive Group (PAG) jumped over 10% after the company received a non-binding, $210-per-share buyout proposal from Penske Corporation and Mitsui, valuing the deal at approximately $3.8 billion.
A trade secret lawsuit filed by Apple against OpenAI will likely be a disclosure risk rather than a dealbreaker for a potential IPO, but it creates significant uncertainty for the AI firm's $6.5 billion acquisition of hardware startup io Products, according to a securities law expert.
Options traders are anticipating a significant swing in Carvana's stock price, with data suggesting a potential 12% move in either direction following the company's upcoming earnings report. Historically, the stock's actual post-earnings move has exceeded the options market's implied volatility in five of the last eight quarters.
Johnson & Johnson (NYSE: JNJ) shares gained after the U.S. FDA granted clearance for its OTTAVA Robotic Surgical System, positioning the company to challenge Intuitive Surgical's dominance in the market. The news follows a strong quarterly earnings report from the healthcare giant.
Options traders are pricing in a potential 8.2% swing for Qualcomm shares following its earnings release on July 29. An analysis of past reports shows the stock has exceeded the market's volatility expectations in half of the last eight quarters.
The options market is pricing in a potential 8.7% stock price move for SoFi Technologies following its earnings release on July 29. Historical data shows the stock has often experienced larger swings than implied by options traders.
Options data suggests a potential 12% price swing for Fortinet shares following its upcoming earnings report on July 29. The cybersecurity firm has a history of post-earnings volatility, often exceeding market expectations.
Shares of the AI cloud infrastructure provider jumped over 5% after Truist and Baird issued bullish ratings, while Nvidia confirmed delivery of its next-generation hardware to the company.
