Traders Brace for Biggest S&P Earnings-Day Reactions Ever
- Traders expect a 4.7% swing in stocks after results are posted
- ‘It’s a stock picker’s earnings season once again,’ BofA says
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Traders are bracing for one of the most volatile earnings periods in stock market history.
At least that’s what they are positioning for two days before big banks kick off the reporting cycle in the US. Options traders expect individual stocks in the S&P 500 Index to move 4.7% on average in either direction after reporting their results, the largest earnings-day moves on record, according to strategists at Bank of America Corp.