Bloomberg Surveillance · Tuesday, July 28, 2026
Amy Wos Silverman highlighted that clients are not heavily hedging ahead of big tech earnings, indicating a sanguine market sentiment. She pointed out that Meta's implied move on earnings days is about seven percent, which is surprisingly inexpensive given its historical performance of moving plus or minus ten percent in the last four quarters.
“It's pretty flat, meaning people are not really deciding to hedge in front of any of these stocks, which actually fairly sanguine.”
“But to give you an example, meta, you know, it's implied move on earnings days about seven percent. This thing moves plus or minus ten percent the last four quarters. So the fact that it's an inexpensive move is pretty shocking.”