#Earnings — This is another cheap shot with a fairly new stock that’s been volatile. Profit range allows 20% in either direction. If this drifts toward the center during the week it could be a triple or quadruple.
Bought $SFIX Mar15/Mar22 25 #DoubleCalendar for .20, .24, .25.
$SFIX reports tonight. Below are details on earnings one-day moves over its entire history.
Dec. 10, 2018Â AC -20.90%
Oct. 1, 2018Â AC -35.15% Biggest DOWN
June 7, 2018Â AC +26.48% Biggest UP
March 12, 2018Â AC -3.60%
Dec. 19, 2017Â AC -9.77%
Avg (+ or -) 19.18%
Bias -8.59%, negative bias on earnings.
With stock at 25.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 20.06 to 29.94
Based on AVERAGE move over last 12 quarters: 20.21 to 29.80
Based on MAXIMUM move over last 12 Q’s (35.2%): 16.21 to 33.79
Based on Max UP only (+26.5%): 31.62
Open to requests for other symbols.