SHOP earnings analysis

#Earnings $SHOP reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.

April 30, 2019 BO +7.85%
Feb. 12, 2019 BO +1.37%
Oct. 25, 2018 BO +12.03% Biggest UP
July 31, 2018 BO -6.66%
May 1, 2018 BO -4.45%
Feb. 15, 2018 BO +0.28%
Oct. 31, 2017 BO -9.02% Biggest DOWN
Aug. 1, 2017 BO +5.77%
May 2, 2017 BO +7.40%
Feb. 15, 2017 BO +8.13%
Nov. 2, 2016 BO +6.84%
Aug. 3, 2016 BO +9.72%

Avg (+ or -) 6.63%
Bias 3.27%, strong positive bias on earnings.

With stock at 318.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 294.33 to 341.87
Based on AVERAGE one-day move over last 12 quarters: 296.93 to 339.07
Based on MAXIMUM one-day move over last 12 Q’s (12.0%): 279.74 to 356.25
Based on DOWN max only (-9.0%): 289.32

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