Last week – SPY closed slightly higher on the week, but below their weekly highs. VIX closed higher on the week to 18.60 from 17.
This week – SPY options evaluate 1.2% move (in any direction) for the coming week. This corresponds approximately USD 412 as bearish consensus as well as USD 422 as bullish consensus…
Expected moves this week through AI options:
- Spy 1.1%
- QQQ 1.6%
- IWM 2.2%
QQQ volume (and expected movement) is slightly less than last week with earnings reports from Apple (NASDAQ: AAPL), Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL) is on the sidelines now. AI options provides a free expected moves calculator that allows you to compare expected moves on the same chart.
Expected changes for companies reporting profits
After one of the most significant weeks of the reporting season, during which most of the FAANG report was released, this week we will see a smaller limit on news stocks, for example Drafts (NASDAQ: DKNG), Moderna (NASDAQ: MRNA), AMC (NYSE: AMC), Viacom (NASDAQ: VIAC) and Rocket (NASDAQ: RCKT).
The AI Options Income Calendar is a free resource to keep abreast of upcoming earnings, how options value potential changes, and how this compares to actual stock movement in previous earnings events (starting with the most recent one). Here’s what’s coming this week (links go to the Options AI Calendar / Expected move page):
On the floor ON / Expected move: 6% / Last moves: + 6%, -3%
Pfizer PFE / Expected move: 3% / Recent moves: -2%, -1%, + 4%
Activision Blizzard ATVI / Expected move: five% / Recent moves: + 10%, -3%, -2%
Skillz SKLZ / Expected move: 12% / Last moves: + 8%
Zillow Z / Expected move: 10% / Last moves: + 18%, + 14%, + 12%
Lyft LYFT / Expected move: eight% / Last moves: + 5%, + 1%, -5%
General Motors GM / Expected move: five% / Last moves: -2%, + 5%, -2%
Paypal PYPL / Expected move: five% / Recent moves: + 7%, -4%, + 4%
Rocket RKT / Expected move: 7% / Last moves: + 10%, -3%, -15%
Uber UBER / Expected relocation: eight% / Recent moves: -4%, + 7%, -5%
Etsy ETSY / Expected move: nine% / Recent Activity: + 11%, -5%, -4%
Twilio TWLO / Expected move: eight% / Recent moves: + 8%, -5%, -2%
Moderna MRNA / Expected move: 7% / Last moves: + 2%, + 8%, -3%
Viacom VIAC / Expected move: 7% / Recent Activity: -5%, -6%, + 3%
Square SQ / Expected move: 7% / Last moves: -8%, + 13%, + 5%
Roku ROKU / Expected move: eight% / Recent Activity: + 3%, + 13%, -7%
Peloton PTON / Expected move: nine% / Recent Activity: -6%, -1%, -4%
DraftKings DKNG / Expected move: 7% / Last moves: + 6%, + 4%, -6%
Cronos CRON / Expected move: eight% / Recent moves: -3%, + 17%, -16%
AI options puts expected movement at the center of his trading experience. Traders can quickly create trades based on the movement or set their own target price in the context of the expected movement. Options AI provides several free tools such as an expected move calculator as well as an income calendar. More information on expected moves and spread trading can be found on the Learn / Options AI website.