Pre-earnings options volume in Nordstrom is 1.5x normal with puts leading calls 5:4. Implied volatility suggests the market is anticipating a move near 8.3%, or $1.60, after results are released. Median move over the past eight quarters is 15.8%.
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Published first on TheFly
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Read More on JWN:
- Nordstrom Reports Fourth Quarter 2022 Earnings, Announces Wind-Down of Canadian Business
- Nordstrom Board of Directors Approves Quarterly Dividend
- Nordstrom call volume above normal and directionally bullish
- Nordstrom price target raised to $20 from $17 at Citi
- Nordstrom price target lowered to $16 from $18 at Barclays
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