$Anterix(ATEX)$ Stock Jumps +19.3% on Latest Earnings Release on Jun 26, 2024 AMC.
So far in trading after hours, ATEX stock price has soared +19.3% to $37.00 at the time of this alert. ATEX just released earnings today after the market closed. The price has moved outside of its expected range of ± 8.3%.
Analysis from https://marketchameleon.com/
The options prices predicted a ±8.3% post earnings move, compared to a +19.3% actual move. The options market overestimated ATEX stocks earnings move 69% of the time in the last 13 quarters. The predicted move after earnings announcement was ±7.3% on average vs an average of the actual earnings moves of 6.7% (in absolute terms).
How do traders use the implied volatility (IV) crush in ATEX options trading?
After a stock announces earnings typically two things occur for options prices.
There is a stock reaction or earnings move and the options prices react to that move.
The options implied volatility decreases because the news is out and the event is over.
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