Good morning!
This week is the first of several wall to wall earnings weeks, including, Microsoft, Alphabet, Meta, Intel, Boeing and more.
Here’s a cheat sheet for the rest of the week, with current expected moves. There are more than what’s listed here so be sure to keep checking the Options AI Calendar for updates.
Monday
- DPZ Dominos 4.9%
Tuesday:
- MSFT Microsoft Corporation 5.0%
- GOOGL Alphabet Inc. 5.2%
- V Visa Inc. 2.9%
- TXN Texas Instruments Incorporated 3.9%
- RTX Raytheon Technologies Corporation 2.6%
- GE General Electric Company 3.9%
- GM General Motors Company 4.4%
- SPOT Spotify Technology S.A. 9.0%
- GLW Corning Incorporated 4.3%
- SNAP Snap Inc. 19.0%
Wednesday
- META Meta 8.5%
- CMG Chipotle 5.7%
- KO The Coca-Cola Company 1.7%
- BA The Boeing Company 4.1%
- T AT&T Inc. 4.8%
- EQNR Equinor ASA 5.2%
- LRCX Lam Research Corporation 5.0%
- ORLY O’Reilly Automotive, Inc.4.6%
- CMG Chipotle Mexican Grill, Inc. 5.7%
- EBAY eBay Inc. 4.7%
Thursday
- MA Mastercard 2.9%
- ABBV AbbVie Inc. 3.4%
- MCD McDonald’s 2.4%
- TMUS T-Mobile US, Inc. 4.3%
- INTC Intel Corporation 6.2%
- HON Honeywell International Inc. 3.0%
- BMY Bristol-Myers Squibb 2.8%
- BUD Anheuser-Busch InBev SA/NV 2.1%
- BSX Boston Scientific Corporation 4.3%
- NOC Northrop Grumman Corporation 3.1%
- SAN Banco Santander, S.A. 6.1%
- KLAC KLA Corporation 5.2%
- VALE Vale S.A. 3.5%
- F Ford Motor Company 4.9%
Friday
- XOM Exxon Mobil Corporation 2.6%
- PG The Procter & Gamble Company 2.6%
- CVX Chevron Corporation 2.5%
- AZN AstraZeneca PLC 2.8%
Today we see Global PMI numbers and then of course the big economic news this week is the FOMC meeting on Wednesday. More on that later.
Pre-Market Movers:
- AMC Entertainment Holdings (AMC) +42.95%
- Kodiak Sciences Inc (KOD) -53.91%
- 22nd Century Group Inc (XXII) -21.03%
- Koss Cp (KOSS) +12.74%
Economic Calendar:
- At 09:45 AM (EST) S&P Global Services PMI (Jul) Estimates: 54, Prior: 54.4
- At 09:45 AM (EST) S&P Global Composite PMI (Jul) Estimates: 52.6, Prior: 53.2
- At 09:45 AM (EST) S&P Global Manufacturing PMI (Jul) Estimates: 46.4, Prior: 46.3
Options AI Scanner Highlights:
- Overbought (RSI): JPM (75), HOOD (75), MS (75), COST (74), BAC (73)
- Oversold (RSI): VZ (43), F (43), DIS (43)
- High IV: SNAP (+153%), PLTR (+127%), SPOT (+120%), BUD (+116%)
- Unusual Options Volume: RYAM (+861%), LAZR (+822%), CMCSA (+700%), NFLX (+490%), JNJ (+474%), SBUX (+414%)
Chart of the Day:
SPY Expected move for the week is about 1.1% at 13 IV:
That’s all for now. Have a great day!
The Options AI Team
Based upon publicly available information derived from option prices at the time of publishing. Intended for informational and educational purposes only and is not any form of recommendation of a particular security, strategy or to open a brokerage account. Options price data and past performance data should not be construed as being indicative of future results and do not guarantee future results or returns. Options involve risk, including exposing investors to potentially significant losses and are therefore not suitable for all investors. Option spreads involve additional risks that should be fully understood prior to investing. Securities trading is offered through Options AI Financial, LLC, member FINRA and SIPC.
