Hot Potato Trader here, what is up fellow trader!
Earnings range based on historical data and option priced move.
WMT is going to report earnings on November 17, 2020 before market open on TUESDAY .
The options market overestimated WMT stocks earnings move 67 % of the time in the last # 12 quarters.
Key Points :
- A single earnings report can bring volatility , volume , and interest to an asset.
- Options market overestimated WMT stocks earnings move 67% of the time in the last 12 quarters.
KEY LEVELS :
Previous day close price: S152.44
VWAP: 152.21
Expected Move: 4.1% ($6.25)
This Move: 2.3% ($3.50)
Expected Move: $6.25
low: $146.19
high: $158.46
This Move: $3.50
low: $148.70
high: $155.71
WMT is expected to stay within price range $146.19 and $158.46 with a confidence level of 6.7 /10
Note: A potential catalyst such as recent news could take WMT outside the range.
In this event, the catalyst would be considered significant. And identified as an outlier will be identified as bullish or bearish .
A 4.6% move on earnings will be considered.
The stock has averaged a 2.0% move in recent quarters.
Thanks for reviewing my idea and constructive criticism is welcome.
Earnings range based on historical data and option priced move.
WMT is going to report earnings on November 17, 2020 before market open on TUESDAY .
The options market overestimated WMT stocks earnings move 67 % of the time in the last # 12 quarters.
Key Points :
- A single earnings report can bring volatility , volume , and interest to an asset.
- Options market overestimated WMT stocks earnings move 67% of the time in the last 12 quarters.
KEY LEVELS :
Previous day close price: S152.44
VWAP: 152.21
Expected Move: 4.1% ($6.25)
This Move: 2.3% ($3.50)
Expected Move: $6.25
low: $146.19
high: $158.46
This Move: $3.50
low: $148.70
high: $155.71
WMT is expected to stay within price range $146.19 and $158.46 with a confidence level of 6.7 /10
Note: A potential catalyst such as recent news could take WMT outside the range.
In this event, the catalyst would be considered significant. And identified as an outlier will be identified as bullish or bearish .
A 4.6% move on earnings will be considered.
The stock has averaged a 2.0% move in recent quarters.
Thanks for reviewing my idea and constructive criticism is welcome.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.