Week 4 of earnings season starts today. ORATS tracks the historical weekly price moves of firms and the moves expected by the options market. Typically, this week 4 has the highest moves in stocks versus what is implied by options prices.
Week 4 has paid off with the actual moves at 114% of the implied moves.
Shopify $SHOP, Roku $ROKU, Beyond Meat $BYND, Uber $UBER, Disney $DIS, Pinterest $PINS, Buffalo Wild Wings $WING, and Wynn Resorts $WYNN are a few of the names reporting this week.
The average percentage of firms beating estimates since 2006 is 73% and 75% over the last five years according to Deutsche Bank. Already, the current quarter fell below 70% and may continue to fall.
It should be a wild week in the market.