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Tax tips, options trading ideas, and market takes — updated regularly.
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Cloudflare's stock jumped well past what pre-earnings options pricing had signaled. Rather than proof that the market got it wrong, it's a clean, real example of what an "implied move" actually is — and isn't.
Texas Instruments beat on revenue, EPS, and guidance on July 22 — then the stock fell about 5%. Options had priced in a 9-12% move either way. Here's the IV crush lesson in a genuine beat-and-raise quarter that still went down.
Taiwan Semiconductor reports Thursday, right in the middle of a rough week for chip stocks. Before you look at the headline number options traders are pricing in, here's what "implied move" actually means — and why it isn't a prediction.