Options imply a move of about 8.1% for Amazon $AMZN after its report tonight. That's roughly $215 billion of market value, more than all of Sandisk $SNDK, which also reports tonight and is worth about $197 billion.
Amazon rose 15.3% after its last report in July. Add Intel, Sandisk, Exxon and Chevron, all reporting in the next 24 hours, and the implied moves come to about $300 billion.
Intel $INTC reports tonight, with an 8.9% implied move. Its last four report moves alternated direction: +0.3%, -17.0%, +23.6% and -7.9%. Intel's adjusted EPS came in above the average estimate in all four of those reports.
Exxon Mobil's $XOM record runs the other way. The stock moved about 1% or less after each of its last four reports, and options imply about 2.6% for its report Friday before the open. Analysts expect EPS excluding identified items of $4.03, vs. $1.88 a year ago.
Street estimates: Amazon third-quarter EPS of $1.96 on $202.3 billion of revenue, vs. $1.95 and $180.2 billion a year ago. Intel, adjusted EPS of $0.40 on $16.5 billion, vs. $0.23 and $13.7 billion.
Also after the close today: Sandisk, with options implying about 7.7%. Analysts expect fiscal first-quarter revenue of $10.7 billion, vs. $2.3 billion a year ago, and adjusted EPS of $46.41 vs. $1.22. SkyWest $SKYW moved 4.9% or more after each of its last four reports, and analysts expect EPS of $3.07 vs. $2.81 a year ago.
Before the open Friday: Chevron $CVX, with a 2.6% implied move, rose after three of its last four reports. Analysts expect adjusted EPS of $4.83 vs. $1.85 a year ago.