Con Edison, McDonald’s, McKesson, PPL, Sempra: Earnings-Day Vol

Traders are preparing for bigger swings than usual in shares of companies including Microchip and Datadog after their earnings, while they’re expecting smaller moves in EchoStar and Kenvue. Here’s a list of S&P 500 members reporting in the coming days 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: Block (5/8), Con Edison (6/8), Datadog (5/8), Fidelity National (6/8), McDonald’s (6/8), Microchip (5/8), PPL (6/8), Targa Resources (6/8), Viatris (5/8), Wynn Resorts (6/8), Zoetis (7/8)
• Underpriced: ...