#Earnings — $YELP reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

Nov. 8, 2018 AC -26.59% Biggest DOWN
Aug. 8, 2018 AC +26.65%
May 10, 2018 AC -7.81%
Feb. 7, 2018 AC -14.04%
Nov. 1, 2017 AC -0.10%
Aug. 3, 2017 AC +27.66% Biggest UP
May 9, 2017 AC -18.35%
Feb. 9, 2017 AC -13.64%
Nov. 2, 2016 BO +9.94%
Aug. 9, 2016 AC +12.83%
May 5, 2016 AC +23.71%
Feb. 8, 2016 AC -2.30%

Avg (+ or -) 15.30%
Bias 1.50%, slight positive bias on earnings.

With stock at 38.75 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 33.76 to 43.74
Based on AVERAGE move over last 12 quarters: 32.82 to 44.68
Based on MAXIMUM move over last 12 Q’s (27.7%): 28.03 to 49.47

#longstraddle