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Under Armour Options Market Braces for 7.1% Swing on Earnings
Options market data indicates traders are anticipating a significant price swing for Under Armour Inc. (NYSE:UAA) shares following the company's upcoming earnings release. The market is currently pricing in a potential move of 7.1% in either direction, according to data compiled by Bloomberg.
Historical Volatility
An analysis of the athletic apparel maker's past earnings reports reveals a pattern of heightened volatility. The actual post-earnings stock move has surpassed the options-implied swing in six of the last eight reporting periods.
This trend suggests that while traders expect a notable reaction, the options market has historically underestimated the stock's price movement. The upcoming report, scheduled for before the market opens on August 7, will test whether this pattern of high volatility continues.
A Look at Past Performance
AdRecent earnings announcements have triggered substantial price swings for Under Armour, often dwarfing market expectations. Key examples include:
- May 12: Shares fell 17.3% versus an implied move of 10.2%.
- February 6: The stock surged 25.0% compared to an implied move of 10.0%.
- November 7, 2024: Shares climbed 28.4%, far exceeding the 8.6% implied move.
- August 8, 2025: The stock dropped 18.1% against an expected move of 9.0%.
This history of sharp reactions highlights the high stakes for investors as the company prepares to release its latest financial results and outlook.
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