#Earnings Sold to Open $FB Jan 29th 89/84 put spreads for .50. Going for an iron condor; going for 102/107 call spread on next bounce.
FB moves on last 12 earnings: Biggest UP move: 29.6% , Biggest DOWN move: -6.1% , Average move: 6.3% . These strikes are 7.3% (puts) and 6.3% (calls) OTM. I’m giving the put side a bit more room. The 29.6% up move is an outlier from July 2013… the next highest is +14.1%, and then all other moves were less than 7%.