Dave & Buster’s (PLAY) pre-earnings options volume is 9 times normal, with puts leading calls 2:1. This indicates a high level of market anticipation for the company’s upcoming earnings report. Implied volatility suggests that investors expect a move of around 11.7% or $4.26 in either direction after results are released.
Historically, over the past eight quarters, Dave & Buster’s stock has seen a median move of 6.8%. While this does not necessarily provide a clear indication of what to expect, it suggests that the company’s stock price may experience some volatility in the near future.
Investors and analysts alike should take note of these options trades as a sign that they may want to consider adjusting their strategies ahead of the earnings report.
Source: https://www.tipranks.com/news/the-fly/dave-busters-options-imply-11-7-move-in-share-price-post-earnings