#Earnings Sold to Open $PCLN Nov 13th 1650 calls for 2.40. This is 14.7% OTM. Only selling calls because premium is much lower for puts this far OTM. Stock is bullish but also a bit extended.
Over last 12 quarters on earnings,
| Biggest UP move: 8.5% | Biggest DOWN move: -8.4% | Average move: 4.7% |
You have to go back 13 quarters, to July 2012, for a -17% down move. And you have to go back to August 2010 for a higher UP move, +21%. That was when PCLN was trading near $300.
Options Bistro 