The DJIA and S&P 500 are soaring this morning following a promising Covid vaccine announcement from Pfizer. The more tech heavy Nasdaq is mixed. Implied volatility in options continues to fall after the election, with the VIX now ~23.

To start the week, SPY options are pricing in about a 1.9% move for this Friday’s close:

And QQQ 2.3%:

Earnings of note this week

Expected move for this Friday and the actual move for the company’s most recent earnings:

BYND 10.9% / Monday 4:20pm(last earnings -8.6%)

LYFT 9.4% / Tuesday 4:05pm(last earnings -5.9%)

AMAT 4.7% / Thursday 4:00pm(last earnings +7.4%)

DIS 5.5% / Thursday 4:05pm(last earnings +11.1%)

DDOG 11.8% / Thursday 4:10pm(last earnings -17.7%)

CSCO 4.9% / Thursday 4:10pm(last earnings -11.9%)

DKNG 9.8% / Friday 7:00am(last earnings -10.0%)

And finally, in the news this morning, Pfizer:

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