As earnings approach, we are seeing big implied earnings moves compared to past earnings moves (green bars) especially in Schwab ($SCHW), Citi ($C) and the other banks ($WFC $USB $BAC $JPM). https://info.orats.com/earnings
JNJ up $5 in the pre-market with ORATS earn move report expecting a $2.82 move in the stock as implied by straddle prices. https://blog.orats.com/dividend-suspensions-and-one-increase-jnj
Based on terrible earnings today and the stocks up i don't think earnings will matter much this qtr. Wall street is Houdini and will blow them off saying this is a 2 qtr event then back to normal . BUY BUY BUY .
I think weeks three and four of earnings season are going to be wild given the movement usually seen and will cause a kink in this market.