Pre-earnings options volume in The Metals Company is 1.5x normal with calls leading puts 14:1. Implied volatility suggests the market is anticipating a move near 13.4%, or 19c, after results are released. Median move over the past eight quarters is 6.1%.
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Read More on TMC:
- TMC the Metals Company (NASDAQ:TMC) Gains on $27M Securities Offering
- Metals Company announces $27M registered direct offering
- The Metals Company Provides Second Quarter 2023 Corporate Update and Commentary on ~$27 Million Capital Raise at $2.00 Per Share with Potential Upsizing to $38 Million
- Metals Company expects cash to fund operations at least 12 months from today
- Metals Company reports Q2 EPS (5c) vs (5c) last year