AutoZone, Broadcom, CrowdStrike, Ross Stores: Earnings-Day Vol

Traders are preparing for bigger swings than usual in shares of companies including Ciena and AutoZone after their earnings, while they’re expecting smaller moves in Broadcom and Norwegian Cruise. Here’s a list of S&P 500 members reporting in the coming week for which the options market is over- or underpricing volatility relative to fluctuations on sessions following past results:

Here’s how the implied earnings-day moves of these companies fared in past earnings:

• Overpriced: AutoZone (6/8), CrowdStrike (6/8), Kroger (5/8), Ross Stores (5/8)
• Underpriced: Best Buy (5/8), Broadcom (5/8), Norwegian Cruise (5/8)
• No clear trend: AES, Ciena

Upcoming earnings:

• March ...