Pre-earnings options volume in Stryker is 2.0x normal with puts leading calls 8:5. Implied volatility suggests the market is anticipating a move near 2.7%, or $6.87, after results are released. Median move over the past eight quarters is 1.7%.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SYK:
- Stryker reports 2022 operating results and 2023 outlook
- Stryker initiated with a Sector Weight at KeyBanc
- Stryker upgraded to Outperform from Sector Perform at RBC Capital
- Stryker price target raised to $265 from $257 at Barclays
- Stryker price target raised to $265, added to ‘TAP Outperform’ list at Evercore