Lumentum stock jumps 6% as options flag bigger swings ahead of Feb. 3 earnings
Lumentum shares surged 6.4% to $361.33 Tuesday, outperforming a weaker U.S. stock market. The stock traded nearly 3.8 million shares and touched $364.37 intraday. Options data showed implied volatility near 111% ahead of Lumentum’s Feb. 3 earnings report. The S&P 500 slipped 0.2%, while the Nasdaq and Dow also fell.