The DJIA and S&P 500 are soaring this morning following a promising Covid vaccine announcement from Pfizer PFE. The more tech heavy Nasdaq is mixed. Implied volatility in options continues to fall after the election, with the VIX now ~23.
To start the week, SPY options are pricing in about a 1.9% move for this Friday's close:
And QQQ 2.3%:
Earnings of note this week
Expected move for this Friday and the actual move for the company's most recent earnings:
Beyond Meat BYND 10.9% / Monday 4:20pm (last earnings -8.6%)
Lyft LYFT 9.4% / Tuesday 4:05pm (last earnings -5.9%)
Applied Materials AMAT 4.7% / Thursday 4:00pm (last earnings +7.4%)
The Walt Disney Co DIS 5.5% / Thursday 4:05pm (last earnings +11.1%)
Datadog DDOG 11.8% / Thursday 4:10pm (last earnings -17.7%)
Cisco Systems CSCO 4.9% / Thursday 4:10pm (last earnings -11.9%)
DraftKings DKNG 9.8% / Friday 7:00am (last earnings -10.0%)
And finally, in the news this morning, Pfizer:
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