The Broader Markets
Last Week – SPY was up 1.8% last week, more than the 1.2% options were pricing.
This Week – SPY options are pricing about a 1% move (in either direction) for the upcoming week. That corresponds to about $435 as a bearish expected move and $444 as a bullish expected move.
Implied Volatility – After spiking to near 25 to start the week the VIX pulled back as the market made highs and closed at 17.20
Expected Moves for This Week via Options AI:
- SPY 1% (0.2% less than last week)
- QQQ 1.4% (0.2% less than last week)
- IWM 2.2% (0.4% less than last week)
- DIA 1.3% (same as last week)
In the News
Crypto has been in focus as Bitcoin and other coins try to bounce. BTC options are pricing about a 6% move for this week.
In equities, focus will be on earnings as some of the largest companies in the world report. Details below.
Expected Moves for Companies Reporting Earnings
The Options AI Earnings Calendar is a free resource to keep up to date on upcoming earnings, how options are pricing potential moves, and how that compares to actual moves from prior earnings (starting with most recent).
Options AI puts the expected move at the heart of its trading experience. Traders are able to quickly generate trades based on the move, or to place their own price target in context of the expected move. More education on expected moves and spread trading can be found at Learn / Options AI.
This week, earnings from Telsa, Apple, Alphabet, Microsoft, Amazon and more.
Monday
Tesla TSLA / Expected Move: 6.2% / Recent moves: -5%, -3%, +1%,
Tuesday
UPS UPS / Expected Move: 4.6% / Recent moves: +10%, +3%, -9%
Apple AAPL / Expected Move: 3.6% / Recent moves: 0%, -4%, -6%
Microsoft MSFT / Expected Move: 2.7% / Recent moves: -3%, 0%, -5%
Alphabet GOOGL / Expected Move: 3.6% / Recent moves: +3%, +7%, +4%
Advanced Micro AMD / Expected Move: 5.7% / Recent moves: -1%, -6%, -3%
Wednesday
Boeing BA / Expected Move: 3.5% / Recent moves: -3%, -4%, -5%
Shopify SHOP / Expected Move: 6% / Recent moves: +11%, -3%, -5%
Pfizer PFE / Expected Move: 3.4% / Recent moves: 0%, -2%, -1%
Facebook FB / Expected Move: 4.8% / Recent moves: +7%, -3%, -6%
Thursday
Amazon AMZN / Expected Move: 3.8% / Recent moves: 0%, -2%, -5%
Friday
Exxon Mobile XOM / Expected Move: 2.8% / Recent moves: -3%, +2%, -1%
Caterpillar CAT / Expected Move: 3.5% / Recent moves: -2%, -1%, -3%
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 a registered broker-dealer.
