FAANG stocks displayed on the Nasdaq.
Adam Jeffery | CNBC
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The day the monster is here – Apple, Amazon, Alphabet and Facebook, worth nearly $ 5 trillion, are on board to report the bell. In the absence of clear guidelines, option traders appreciate the large movements in these leaflets as they reduce quarterly high-stakes results.
The options market currently means at least a 5% shift in both directions to profit from Amazon and Facebook contributions, while the expected action for Apple and Alphabet is in the range of 4%, up or down, according to AI options.
Although these technical giants have led to a sharp rise in the coronavirus market, first-quarter reports have revealed some of their weaknesses as advertising has dried up and costs have risen as a result of the pandemic. The results also came the day after technical leaders testified before the congressional antitrust panel.