Pre-earnings options volume in Western Alliance is normal with calls leading puts 5:4. Implied volatility suggests the market is anticipating a move near 4.6%, or $2.17, after results are released. Median move over the past eight quarters is 5.0%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WAL:
- Western Alliance Bancorporation (WAL) Q3 Earnings Cheat Sheet
- Western Alliance price target raised to $58 from $55 at Jefferies
- Wells Fargo downgrades select mid-cap banks amid risk to earnings
- Western Alliance put volume heavy and directionally bearish
- Western Alliance price target lowered to $54 from $60 at Truist
