Stock Options Predictions for the Week of June 03 – June 06, 2024
This week, several major companies are set to release their earnings reports, including Nio, CrowdStrike Holdings, ChargePoint Holdings, DocuSign, and Lululemon Athletica.
In anticipation of these earnings announcements, analysts at TipRanks have calculated the expected stock movements based on options volatility. Options volatility tends to increase leading up to earnings reports due to uncertainty surrounding the outcomes. This results in higher option premiums. After the earnings reports are released and uncertainties are resolved, option premiums tend to decrease significantly, a phenomenon known as volatility crush.
Here is a breakdown of the expected earnings moves for some major companies reporting this week:
Monday, June 03, 2024
– SAIC: +/- 8.91%
– HQY: +/- 8.50%
– NNDM: +/- 14.71%
– BARK: +/- 24.62%
– GTLB: +/- 16.53%
Tuesday, June 04, 2024
– BBWI: +/- 8.47%
– PVH: +/- 10.96%
– VRNT: +/- 11.97%
– HPE: +/- 11.44%
– SFIX: +/- 19.43%
– CRWD: +/- 11.08%
Wednesday, June 05, 2024
– CPB: +/- 4.93%
– DLTR: +/- 10.17%
– LULU: +/- 10.17%
– SMTC: +/- 16.51%
– THO: +/- 9.07%
– FIVE: +/- 12.10%
– OLLI: +/- 9.37%
– SMAR: +/- 12.11%
– TIGR: +/- 19.06%
– CHPT: +/- 19.64%
Thursday, June 06, 2024
– BIG: +/- 26.72%
– CIEN: +/- 11.50%
– SJM: +/- 5.87%
– MTN: +/- 7.52%
– DOCU: +/- 10.41%
– NIO: +/- 13.73%
– PL: +/- 17.74%
– IOT: +/- 16.89%
It is important to note that options trading carries inherent risks, and individuals should conduct thorough research before engaging in such trading activities.