#Earnings Bought $INTU May 24/May31 245 #DoubleCalendar for 1.50. Only a partial fill, and then price seems to be running higher. This is not heavy mover normally. Positioned slightly bullish since everything has pulled back today, and it has a bullish bias on earnings..
#Earnings $INTU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Feb. 21, 2019 AC +6.76% Biggest UP
Nov. 19, 2018 AC -2.03%
Aug. 23, 2018 AC +1.96%
May 22, 2018 AC +2.98%
Feb. 22, 2018 AC -0.18%
Nov. 20, 2017 AC -3.79% Biggest DOWN
Aug. 22, 2017 AC -1.90%
May 23, 2017 AC +6.72%
Feb. 23, 2017 AC +6.05%
Nov. 17, 2016 AC +1.91%
Aug. 23, 2016 AC -3.50%
May 24, 2016 AC -2.13%
Avg (+ or -) 3.33%
Bias 1.07%, positive bias on earnings.
With stock at 242.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 253.87 to 276.61
Based on AVERAGE move over last 12 quarters: 234.43 to 250.57
Based on MAXIMUM move over last 12 Q’s (6.8%): 226.11 to 258.89
Based on maximum DOWN only (-3.8%): 233.31
Open to requests for other symbols.