EW earnings analysis & trade

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

April 23, 2020 AC +1.10%
Jan. 30, 2020 AC -6.03%
Oct. 23, 2019 AC +1.63%
July 23, 2019 AC +9.93% Biggest UP
April 23, 2019 AC -1.79%
Jan. 31, 2019 AC -1.00%
Oct. 23, 2018 AC -5.35%
July 26, 2018 AC -8.50%
April 24, 2018 AC -3.82%
Feb. 1, 2018 AC +3.81%
Oct. 24, 2017 AC -9.55% Biggest DOWN
July 26, 2017 AC +0.64%

Avg (+ or -) 4.43%
Bias -1.58%, negative bias on earnings.

With stock at 61.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 73.37 to 83.03 (+/- 6.2%)
Based on AVERAGE one-day move over last 12 quarters: 74.74 to 81.66
Based on MAXIMUM one-day move over last 12 Q’s (9.9%): 70.43 to 85.97
Based on DOWN max only (-9.6%): 70.73

Open to requests for other symbols.

#doublecalendar