Pre-earnings options volume in Asana (ASAN) is 3.2x normal with calls leading puts 7:3. Implied volatility suggests the market is anticipating a move near 13.1%, or $2.09, after results are released. Median move over the past eight quarters is 11.6%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
