Pre-earnings options volume in LendingClub is 3.9x normal with calls leading puts 13:2. Implied volatility suggests the market is anticipating a move near 8.2%, or 85c, after results are released. Median move over the past eight quarters is 14.1%.
Published first on TheFly
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Read More on LC:
- LendingClub Reports Fourth Quarter and Full Year 2022 Results
- LendingClub announces 14% workforce reduction
- LendingClub chief capital officer, Valerie Kay, to depart
- LendingClub narrows FY22 revenue view to $1.185B-$1.188B from $1.18M-$1.19M
- LendingClub narrows Q4 revenue view to $260M-$263M from $255M-$265M
