The Week Ahead: Expected moves for GDP, Jobs Number, Earnings from Lulu, Broadcom, Salesforce and more.

Hello!

Earnings season starts to wind down this week ahead of the Labor Day weekend. Reports from Salesforce, Broadcom, Lululemon, Best Buy and others keep the calendar busy this week though. Some important economic data points as well, with GDP and the Jobs Number highlighting. SPY options are pricing in about a 1.2% move for the week.

ETF Expected moves:

• SPY 1.2%
• QQQ 1.8%
• IWM 1.7%

Earnings Expected Moves

Tuesday

• HPQ HP Inc. 4.4%
• HPE Hewlett Packard Enterprise Company 7.1%
• BBYBest Buy Co., Inc.5.6%
• NIO NIO Inc. 8.4%
• AMBA Ambarella, Inc. 9.8%
• BMO Bank of Montreal 3.8%
• BNS The Bank of Nova Scotia 3.7%

Wednesday

• CRM Salesforce, Inc. 6.2%
• CRWD CrowdStrike Holdings, Inc. 7.5%
• VEEV Veeva Systems Inc. 7.9%
• COO The Cooper Companies, Inc. 4.5%
• OKTA Okta, Inc. 10.4%
• CHWY Chewy, Inc. 11.9%
• FIVE Five Below 6.4%

Thursday

• AVGO Broadcom Inc. 6.4%
• VMW VMware, Inc. 5.2%
• LULU Lululemon Athletica Inc. 7.7%
• DELL Dell Technologies Inc. 5.7%
• MDB MongoDB, Inc. 12.0%
• DG Dollar General 6.7%

more here: Options AI Expected Move Calendar

Economic Calendar

• Tuesday: 10am Consumer Confidence
• Wednesday: 8:30am GDP, 10am Pending Home Sales
• Thursday: 8:30am Personal Consumption Expenditures
• Friday: 8:30am NFP Jobs Number

SPY options are pricing about a 1.2% move for the week, slightly lower IV and expected move than the past two weeks, despite the NFP data on Friday morning. IV takes a brief dip the next week pricing in the long Labor Day weekend but then increases slightly again with 30-day atm IV in SPY about 13.

The Options AI Team

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