Block Inc (NYSE:SQ) is scheduled to release quarterly earnings after the closing bell on Feb. 23, 2023.
Analysts expect the company to post quarterly earnings at $0.30 per share with revenue of $4.6 billion.
Block is implying a move of +/-10%, while the stock has moved around 8% on average over the past two years post-earnings, according to Dan Nathan of RiskReversal.
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There were buyers of 3,000 of the March 72.5-puts at an average price of $5 per contract, Nathan mentioned on CNBC’s “Options Action.”
The traders expect Block’s stock to drop at least 7% by March expiration.
Price Action: Block’s shares gained 1.4% to close at $72.94 on Wednesday.
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