Traders are making big moves ahead of these earnings reports due Thursday
Key takeaways
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- With Nvidia earnings in the rearview mirror, traders have a handful of earnings before and after the bell to trade on Thursday.
- The consumer retail giant is having a great year, up 16% — almost double the S&P 500 — as consumers under inflationary pressure seek shopping at a value.
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With Nvidia earnings in the rearview mirror, traders have a handful of earnings before and after the bell to trade on Thursday. Here's how the action is setting up in some of the most popular names for options traders.
The consumer retail giant is having a great year, up 16% — almost double the S&P 500 — as consumers under inflationary pressure seek shopping at a value. Walmart shares have dropped after four of the last five reports and swung an average 4.5% the past two years. Right now, options traders are prepared for just under that, with a 4.3% expected move. Of all the stocks reporting Thursday,Walmart was the most actively traded in options Wednesday, with more than 154,000 contracts exchanged. More puts traded than calls by volume, but more premium was spent on calls.