Traders are preparing for bigger swings than usual in shares of companies including Microchip and Datadog after their earnings, while they’re expecting smaller moves in EchoStar and Kenvue. Here’s a list of S&P 500 members reporting in the coming days for which the options market is over- or underpricing volatility relative to fluctuations on sessions following past results:
Here’s how the implied earnings-day moves of these companies fared in past earnings:
- Overpriced: Block (5/8), Con Edison (6/8), Datadog (5/8), Fidelity National (6/8), McDonald’s (6/8), Microchip (5/8), PPL (6/8), Targa Resources (6/8), Viatris (5/8), Wynn Resorts (6/8), Zoetis (7/8)
- Underpriced: ...