All articles tagged with #implied move
Benzinga Pro's earnings watchlist centers on Eli Lilly as the marquee name, with Lilly’s second-quarter print carrying an implied move of about 6.56%—roughly $65.9 billion at stake, the largest dollar swing among the list of big names that includes Disney, Uber, Shopify, AppLovin, Western Digital, and Sandisk; other stocks show implied moves ranging from about 5.5% to 15.5%, reflecting varying levels of volatility expected around earnings.
Benzinga’s Earnings Volatility Watch ranks the week’s top 10 implied moves around earnings, led by SanDisk (SNDK) with about a 17.5% move, followed by Western Digital (WDC) at roughly 13.4%, and others like AppLovin, Datadog, Cloudflare, Shopify and DoorDash. The note sits in a context of last week’s mega-cap results (MSFT and AMZN beat, AAPL and META pressured on margins) while Novo Nordisk and Eli Lilly are highlighted for GLP-1 headlines.
Ahead of quarterly results, the options market signals notable volatility with Apple (AAPL) at roughly a 3.42% implied move and about $170 billion at stake due to its market cap; the Benzinga list also shows bigger implied moves for other names (AMZN 6.04%, MO 4.23%, MA 3.79%, BMY 4.01%, SO 3.04%), highlighting how guidance and commentary can move stocks beyond the headline numbers.
With Microsoft set to report after the bell, options traders imply about a 6.5% move, translating to roughly $189 billion at stake for its market value; Meta Platforms also faces an about 7.1% implied move (~$107 billion at stake) as both mega-caps loom large in a Benzinga-propelled watchlist that includes Lam Research, Fortinet and Starbucks. The piece underscores how even single‑digit percentage swings can create multi‑billion-dollar moves for mega‑caps, as investors weigh revenue momentum and earnings power at scale ahead of quarterly results.
Rigetti Computing (RGTI) is slated to report Q1 results on May 11; the options market is pricing in about a 16.9% move in either direction, signaling earnings-driven volatility. Wall Street expects a narrower loss per share of $0.04 on revenue of around $4.09 million, with investors watching for signs of demand from major hardware sales (including an $8.4 million, 108-qubit order from India’s CDAC and $5.7 million in two 9-qubit Novera systems). The company aims to reach more than 1,000 qubits in the long term, while the stock has rallied recently but remains down year-to-date. Analysts publish a Moderate Buy rating with a $30.67 average price target, implying potential upside if results meet or beat expectations.
Robinhood's HOOD options traders are pricing in a sizable 9.59% move ahead of earnings, equating to about $8 per share or a roughly $7.2 billion swing. The near-term straddles around the $84–$85 area imply a post-earnings trading range of about $75.70 to $91.70, with call volume centering near the $85 strike and puts concentrated around the $80 strike, suggesting volatility expectations rather than a directional bet.
TipRanks’ earnings preview flags today’s big reports (CHTR, E, GNTX, HCA, JKS, NSC, PG, SLB, WU) and shows the implied moves derived from options prices: CHTR about ±8.77%, E ±6.04%, GNTX ±7.86%, HCA ±8.24%, JKS ±15.51%, NSC ±7.59%, PG ±3.25%, SLB ±3.93%, and WU ±9.86%. The figures help investors gauge potential post-earnings moves; click any ticker for real-time data. Note that options trading carries risk.