Expert Comments On Options Activity Ahead Of Priceline And Fossil's Earnings

Benzinga spoke with TD Ameritrade’s Chief Strategist JJ Kinahan on Tuesday afternoon. The expert shared his thoughts on options activity at Priceline Group Inc PCLN, which is scheduled to announce its second quarter financial results before the market opens on Wednesday, and Fossil Group Inc FOSL, reporting after the market closes on Wednesday.

Priceline

According to the analyst, Priceline’s stock is expecting a 6.4 percent move, with implied volatility in the 84^th percentile. He highlighted, however, that, since the stock has a high price tag, “you don’t see huge huge trades in here, one way or the other (…) so it be even tough to see where people are” going one way or the other, given the amount of spreads.

Related Link: Strategist Looks Into Options Activity Ahead Of Earnings At Disney, Activision Blizzard And Zillow

Shares of Priceline rose roughly 3 percent on Tuesday trading.

Fossil Group

Kinahan then went into Fossil, which is expecting a 2.5 percent move. However, what’s interesting here, he told Benzinga, is that the implied volatility stand at the 99^th percentile. They don’t trade a lot of options, though, he added.

Shares of Fossil fell almost 1 percent on Tuesday's session.