Binance TradFi Contracts See Wild Swings After Cisco and Coherent Earnings

The Binance TradFi perpetual futures contracts for Cisco and Coherent saw significant price swings in the aftermath of their earnings releases.

CSCOUSDT, the contract for Cisco Systems Inc., jumped by 7.2% immediately after the results were announced at 16:05 ET but then reversed course to fall by 12.1%. COHRUSDT, the Coherent contract, rose by 4.9% before dropping 11.4%. Both contracts closed below their prior levels.

Traders noted that this volatility is a classic post-earnings stock reaction pattern. In fact, Binance Research pointed out that the first print rarely holds in such cases.