On CNBC's "Options Action," Dan Nathan spoke about Costco Wholesale Corporation COST. The company is scheduled to report earnings on Thursday after the market closes and the options market is implying a move of 5% in either direction, which is basically the average move over the last four quarters.
See Also: Costco Wholesale's Q4 Earnings Preview
Nathan said there was a lot of volume in the short-dated calls on Wednesday. It seems that traders were looking for a continuation of the uptrend as calls outnumbered puts two to one.
Costco traded around $286.75 per share at time of publication.
Photo credit: Tony Webster, via Wikimedia Commons
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.