Options Volatility and Implied Earnings Moves This Week
Major companies including Nike, Carnival, and Conagra Brands are set to report earnings this week, with expected stock moves calculated using at-the-money straddle options. Options volatility typically surges ahead of earnings due to uncertainty, followed by a post-announcement 'volatility crush.'
Monday's highlights include Carnival (CCL) with an expected move of +/- 7.45%, Jefferies (JEF) at +/- 8.72%, and others. The market's focus remains on how these earnings will influence broader sentiment, particularly in sectors with crypto exposure.