GitLab Inc. shares are poised for a 14% price swing on Sept. 1, when the software company releases its quarterly earnings after market close, according to options data compiled by Bloomberg.
The anticipated volatility follows a pattern of significant post-earnings moves for the Class A shares. On June 2, GitLab reported results that drove a 15.7% advance, exceeding the 13.7% implied move at the time. A similar outcome occurred on Sept. 3, 2024, when the stock climbed 14.9% against a 14.0% options-implied range. However, the most recent earnings report on March 3 saw a 4.2% gain, falling short of the 13.3% move priced into options.
Options traders have priced in a potential swing of 14% for the upcoming release, reflecting heightened uncertainty ahead of the announcement. GitLab’s historical performance suggests that actual price movements do not always align with options-implied expectations, with actual moves surpassing implied ranges in only two of the last eight earnings reports.
