Based on recent conversations with investors, there are a surprisingly large number of investors involved on both sides of Roku into tonight's Q4 earnings report, Citi analyst Mark May tells investors in a pre-earnings research note. The analyst sees the potential for both positives and negatives from the report. Given these "potentially offsetting factors," as well as the 32% short interest in Roku shares, May remains on the sidelines with a Neutral rating "but would not be surprised by near-term volatility."
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
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Pre-earnings options volume in Roku is 1.7x normal with calls leading puts 3:2. Implied volatility suggests the market is anticipating a move near 12.6%, or $7.87, after results are released. Median move over the past eight quarters is 17.1%.