In anticipation of its upcoming earnings report, Zions Bancorporation (ZION, Financial) is experiencing a significant spike in pre-earnings options trading. The volume is currently 3.8 times higher than usual, with a notable preference for put options over calls, in a 3-to-2 ratio.
The implied volatility indicates that investors are preparing for a potential price change of approximately 6.7% following the earnings release. This translates to an expected price movement of around $2.90. Historically, over the past eight quarters, Zions Bancorp has seen a median post-earnings price change of 5.5%.
