In the News

The big news this morning was promising trial data on a Covid-19 vaccine form Moderna (MRNA). Here’s an updated expected move chart with the stock now ~$98 (via Options AI):

Here’s how MRNA’s expected move compares to some of the other stocks in the race for widely available vaccines:

Pfizer ~7%, Moderna ~16%, Astra Zeneca ~6%, Johnson & Johnson ~4%, Novavax ~17%

Markets

All three major indices are higher on the day with the tech heavy Nasdaq slightly lagging. Here’s how options are pricing SPY and QQQ moves into Friday:

Earnings of Note This Week

Expected moves by this Friday, and prior earnings actual moves:

BIDU – Monday AH / 5.6%

HD – Tuesday BMO / 2.7%

WMT – Tuesday BMO / 3.7%

NIO – Tuesday AH / 15.5%

TGT – Wednesday BMO / 5.5%

LOW – Wednesday BMO / 4.8%

NVDA – Wednesday AH / 6.1%

M – Thursday BMO / 9.7%

WDAY – Thursday AH / 6.3%

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