Mar. 19 at 6:51 PM
$TERN Terns Parmaceuticles options imply 11.1% move in share price post-earnings
Pre-earnings options volume in Terns Parmaceuticles is 1.5x normal with calls leading puts 9:7. Implied volatility suggests the market is anticipating a move near 11.1%, or
$5.44, after results are released. Median move over the past eight quarters is 7.0%.