#Earnings #IronButterfly Trying the same approach on this one. Has not moved much on earnings, except for 2 outlier moves in 2015. So it’s a decent candidate for an IB. Also, banks have not been moving much this quarter on earnings, after their bullish runs since the election.

Sold to Open $COF Jan 27th 85/87/89 iron butterfly for 1.60. Max loss .40.

Here are its one-day moves:
Oct. 25, 2016 AC 0.05%
July 21, 2016 AC -1.41%
April 26, 2016 AC -2.17%
Jan. 26, 2016 AC 4.83%
Oct. 22, 2015 AC 8.24%
July 23, 2015 AC -13.12%
April 23, 2015 AC -1.73%
Jan. 22, 2015 AC 1.83%
Oct. 16, 2014 AC -2.67%
July 17, 2014 AC -0.24%
April 16, 2014 AC -0.35%
Jan. 16, 2014 AC -5.29%

Average move: +/- 3.5%
Avg move if you remove the 2 outliers: +/- 1.7%