#Earnings Sold to Open $REGN Nov 6th 520/620 strangles for 3.20.
| Biggest UP move: | 7.4% | Biggest DOWN move: | -6.1% | Average move: | 4.2% |
These strikes are 9.4% and 8.0% OTM respectively. Small position (2-lot) due to high strike price. REGN can be volatile, especially when the biotech sector overall is, but it has not moved over 8% in the 5-day period after earnings since July 2012. You could even add protection and make this a condor, possible by playing intraday swings to add the longs, or we may see premium go down into the close.
Options Bistro 