Core Viewpoint - Investors in Jazz Pharmaceuticals plc (JAZZ) should closely monitor the stock due to significant movements in the options market, particularly the Mar 20, 2026 $55.00 Put which has shown high implied volatility [1] Company Analysis - Jazz Pharmaceuticals holds a Zacks Rank 3 (Hold) in the Medical - Biomedical and Genetics Industry, which is positioned in the top 36% of the Zacks Industry Rank [3] - Over the past 60 days, four analysts have raised their earnings estimates for the current quarter, while none have decreased their estimates, resulting in a Zacks Consensus Estimate increase from $6.46 to $6.62 per share [3] Options Market Insights - The high implied volatility surrounding Jazz Pharmaceuticals suggests that options traders anticipate a significant price movement, potentially indicating an upcoming event that could lead to a major rally or sell-off [2] - Options traders often seek high implied volatility options to sell premium, a strategy that aims to benefit from the decay of options value, hoping that the underlying stock does not move as much as expected by expiration [4]

Core Viewpoint - Investors in Texas Roadhouse, Inc. should closely monitor stock movements due to significant implied volatility in the options market, particularly the Feb 20, 2026 $130 Put option [1] Company Analysis - Texas Roadhouse currently holds a Zacks Rank 3 (Hold) in the Retail – Restaurants industry, which is positioned in the Bottom 24% of the Zacks Industry Rank [3] - Over the past 30 days, one analyst has raised the earnings estimate for the current quarter, while three analysts have lowered their estimates, resulting in a decrease of the Zacks Consensus Estimate from $1.57 per share to $1.53 [3] Options Market Insights - The high implied volatility suggests that options traders are anticipating a significant price movement for Texas Roadhouse shares, indicating potential upcoming events that could lead to a major rally or sell-off [2][4] - Seasoned options traders often seek high implied volatility options to sell premium, aiming for the underlying stock to not move as much as initially expected by expiration [4]

Core Viewpoint - Investors should closely monitor Cognizant Technology Solutions Corporation (CTSH) due to significant movements in the options market, particularly the high implied volatility of the Feb. 20, 2026 $60 Call option [1] Company Analysis - Cognizant currently holds a Zacks Rank of 3 (Hold) within the Computers - IT Services industry, which is positioned in the bottom 41% of the Zacks Industry Rank [3] - Over the past 60 days, two analysts have raised their earnings estimates for the current quarter, while one has lowered them, resulting in a slight increase in the Zacks Consensus Estimate from $1.33 to $1.35 per share [3] Options Market Insights - The high implied volatility surrounding Cognizant shares indicates that options traders are anticipating a significant price movement, which could suggest an upcoming event that may lead to a substantial rally or sell-off [2][4] - Seasoned options traders often seek out options with high implied volatility to sell premium, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4]

Core Viewpoint - Investors in Alamos Gold Inc. should closely monitor stock movements due to significant implied volatility in the options market, particularly the Feb 20, 2026 $48 Put option [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectations for future price movements, with high levels suggesting potential significant price changes or upcoming events that could impact the stock [2] - The current high implied volatility for Alamos Gold shares may signal a developing trading opportunity, as options traders often seek to sell premium on such options [4] Group 2: Analyst Sentiment - Alamos Gold holds a Zacks Rank 3 (Hold) within the Mining – Gold industry, which is in the top 20% of the Zacks Industry Rank [3] - Over the past 30 days, no analysts have raised their earnings estimates for the current quarter, while two have lowered their estimates, resulting in a decrease in the Zacks Consensus Estimate from 56 cents to 49 cents per share [3]

Core Viewpoint - Investors should closely monitor Casey's General Stores, Inc. (CASY) stock due to significant movements in the options market, particularly the high implied volatility of the Feb. 20, 2026 $370 Put option [1] Company Analysis - Casey's General Stores currently holds a Zacks Rank 1 (Strong Sell) within the Retail - Convenience Stores industry, which ranks in the top 2% of the Zacks Industry Rank [3] - Over the past 60 days, two analysts have raised their earnings estimates for the current quarter, resulting in an increase of the Zacks Consensus Estimate from $2.93 per share to $2.94 [3] Options Market Insights - The high implied volatility surrounding Casey's shares indicates that options traders are anticipating a significant price movement, which could suggest an upcoming event that may lead to a substantial rally or sell-off [2][4] - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected [4]

Core Viewpoint - Investors in Darling Ingredients Inc. should closely monitor stock movements due to significant implied volatility in the options market, particularly for the Feb 20, 2026 $27.50 Put option [1] Company Analysis - Darling Ingredients is currently rated as Zacks Rank 3 (Hold) within the Food - Miscellaneous Industry, which is positioned in the bottom 28% of the Zacks Industry Rank [3] - Over the past 60 days, two analysts have raised their earnings estimates for the current quarter, while no analysts have lowered their estimates, resulting in an increase in the Zacks Consensus Estimate from 34 cents per share to 43 cents per share [3] Options Market Insights - The high implied volatility surrounding Darling Ingredients suggests that options traders anticipate a significant price movement, indicating potential upcoming events that could lead to a rally or sell-off [2][4] - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected [4]

Core Viewpoint - Investors in Toll Brothers, Inc. should closely monitor stock movements due to significant implied volatility in the options market, particularly the Mar 20, 2026 $55 Put option [1] Company Analysis - Toll Brothers currently holds a Zacks Rank of 5 (Strong Sell) within the Building Products - Home Builders industry, which is positioned in the bottom 1% of the Zacks Industry Rank [3] - Over the past 60 days, three analysts have raised their earnings estimates for the current quarter, resulting in an increase of the Zacks Consensus Estimate from $1.71 per share to $2.06 [3] Options Market Insights - The high implied volatility surrounding Toll Brothers shares suggests that options traders anticipate a significant price movement, indicating potential upcoming events that could lead to a rally or sell-off [2][4] - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected [4]

Core Viewpoint - The dollar is weakening while markets anticipate increased fiscal stimulus in Japan following the recent election results, which may influence the USDJPY exchange rate [1] Group 1: Currency Market Dynamics - The USDJPY is currently at 156, reflecting a 0.8% decline in the dollar against the yen [1] - The WSJ Dollar Index has decreased by 0.6%, indicating a broader weakening of the dollar [1] Group 2: Market Predictions and Risks - Goldman Sachs' Karen Fishman predicts that implied volatility will rise, with expectations for the USDJPY to move "towards and through 160" [1] - There is an elevated risk of intervention in the currency market as the dollar weakens, which may lead to cautious market behavior [1]

Earnings Reports - A significant week for earnings with major companies such as Robinhood Markets, Coinbase, Cisco Systems, Applovin, Shopify, Arista Networks, Cloudflare, Spotify, Airbnb, and McDonald's scheduled to report [1] Implied Volatility - Implied volatility tends to be high before earnings reports due to market uncertainty, leading to increased demand for options [2] - After earnings announcements, implied volatility typically decreases to normal levels [3] Expected Price Movements - The expected price range for stocks can be estimated by adding the prices of at-the-money put and call options from the option chain [3] Daily Earnings Expectations - Tuesday: HOOD (11.7%), F (6.5%), KO (2.9%), NET (13.4%), SPOT (10.4%), GILD (5.5%) [4] - Wednesday: CSCO (5.5%), VRT (10.5%), APP (15.5%), SHOP (12.8%), MCD (3.3%) [5] - Thursday: COIN (11.1%), ANET (10.7%), ABNB (8.6%), AEM (6.9%) [5] Trading Strategies - Traders can utilize expected moves to structure trades, with bearish traders selling bear call spreads and bullish traders selling bull put spreads or looking at naked puts [6] - Neutral traders may consider iron condors, ideally keeping short strikes outside the expected range [6] Risk Management - It is advisable to use risk-defined strategies and maintain small position sizes when trading options over earnings [7] - A full loss from a trade should ideally not impact the portfolio by more than 1-3% [7] High Implied Volatility Stocks - Barchart's Stock Screener can identify stocks with high implied volatility, using filters such as total call volume greater than 5,000, market cap greater than 40 billion, and IV Rank greater than 50% [8]

Core Viewpoint - Investors in Metropolitan Bank Holding (MCB) should closely monitor stock movements due to significant implied volatility in the options market, particularly the Feb. 20, 2026 $60 Put option [1] Company Analysis - Metropolitan Bank is currently rated as Zacks Rank 1 (Strong Buy) in the Banks - Northeast industry, which ranks in the top 24% of the Zacks Industry Rank [3] - Over the last 60 days, one analyst has raised earnings estimates for the current quarter, while none have decreased their estimates, resulting in an increase of the Zacks Consensus Estimate from $2.17 per share to $2.35 [3] Options Market Insights - The high implied volatility suggests that options traders are anticipating a significant price movement for Metropolitan Bank shares, indicating potential upcoming events that could lead to a rally or sell-off [2][4] - Options traders often seek high implied volatility options to sell premium, aiming to benefit from the decay of options value if the underlying stock does not move as much as expected [4]