Pre-earnings options volume in Canadian Pacific is normal with puts leading calls 7:6. Implied volatility suggests the market is anticipating a move near 2.7%, or $2.11, after results are released. Median move over the past eight quarters is 1.9%.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CP:
- Canadian Pacific Railway (TSE:CP) Beats Q4 Earnings Expectations, Sees Solid Growth
- CP reports fourth-quarter results; ready to unite a continent in 2023
- Canadian Pacific Railway Limited declares dividend
- North American rail traffic down 0.1% for the week ending January 21
- Canadian Pacific price target raised to C$110 from C$102 at Scotiabank