Pre-earnings options volume in Nordstrom (JWN) is 3.9x normal with calls leading puts 8:3. Implied volatility suggests the market is anticipating a move near 7.0%, or $1.73, after results are released. Median move over the past eight quarters is 4.7%.
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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.