#Earnings
Sold to Open $W Nov 2nd 85/135 strangles for 1.818 (avg price). This stock sometimes can move big, but not always. These strikes are just outside the max moves of the stock.
$W reports in the morning. Below are details on earnings 1-day moves over the last 12 quarters.
Aug. 2, 2018 BO 7.54%
May 2, 2018 BO 13.65%
Feb. 22, 2018 BO -22.71% Biggest DOWN
Nov. 2, 2017 BO -15.54%
Aug. 8, 2017 BO -6.26%
May 9, 2017 BO 20.73% Biggest UP
Feb. 23, 2017 BO -6.49%
Nov. 8, 2016 BO -4.13%
Aug. 9, 2016 BO -19.58%
May 9, 2016 BO 10.16%
Feb. 25, 2016 BO 10.62%
Nov. 10, 2015 BO -13.98%
Avg + or – 12.62%
Bias -2.17%, slight negative bias on earnings.
With stock at 110.50, the data suggests these ranges.
Based on current IV (expected move per TOS): 94.46 to 126.54
Based on AVERAGE move over last 12 quarters: 96.65 to 124.55
Based on MAXIMUM move over last 12 Q’s (22.7%): 85.48 to 135.72
Open for requests on other symbols.