MRVL closed

#Earnings . BTC $MRVL Dec 6th 25 puts for .80. #LongStraddle sold for 1.65 on Tuesday. Closed for 1.00 total.

SIG closed

#Earnings BTC $SIG Dec 6th 17 #LongStraddle for 1.75 (1.50 calls, .25 puts). Sold yesterday for 2.86.

SIG alert

#Earnings Sold to Open $SIG Dec 6th 17 #LongStraddle for 2.86. Stock must move over 16.7% to become a loser. Avg move has been 14.57%.

MRVL earnings analysis & trade

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

Aug. 29, 2019 AC -0.95%
May 30, 2019 AC +0.49%
March 7, 2019 AC -2.55%
Dec. 4, 2018 AC +3.80%
Sept. 6, 2018 AC -0.05%
May 31, 2018 AC +2.92%
March 8, 2018 AC +0.08%
Nov. 28, 2017 AC -4.55% Biggest DOWN
Aug. 24, 2017 AC +7.50%
May 25, 2017 AC +4.30%
March 2, 2017 AC +1.51%
Nov. 17, 2016 AC +10.77% Biggest UP

Avg (+ or -) 3.29%
Bias 1.94%, strong positive bias on earnings.

With stock at 25.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 23.29 to 26.71
Based on AVERAGE one-day move over last 12 quarters: 24.18 to 25.82
sed on MAXIMUM one-day move over last 12 Q’s (10.8%): 22.31 to 27.69
Based on DOWN max only (-4.6%): 23.86

Open to requests for other symbols.

#longstraddle, #shortstraddle

BUD DUD

#Earnings . Sold to close $BUD Oct25/Nov01 92 put calendar for .01. #DoubleCalendar bought yesterday for .58. Leaving the call side to expire/lottery ticket.

Also, sold to close $SKX Oct 25th 37.5 #LongStraddle for .39. Bought for 4.39 on Tuesday. That was a bad one. Shitty week for earnings trade on my end.

SNAP shut

#Earnings . Sold to close $SNAP Oct 25th 14.5 puts for 1.60. #LongStraddle bought for 2.26. Small loss on this one, $SKZ looking bad.

SNAP earnings analysis

#Earnings $SNAP reports tonight. Below are details on earnings one-day moves over its entire history (10 quarters).

July 23, 2019 AC +18.74%
April 23, 2019 AC -6.08%
Feb. 5, 2019 AC +22.01%
Oct. 25, 2018 AC -10.15%
Aug. 7, 2018 AC -6.78%
May 1, 2018 AC -21.93% Biggest DOWN
Feb. 6, 2018 AC +47.58% Biggest UP
Nov. 7, 2017 AC -14.61%
Aug. 10, 2017 AC -14.08%
May 10, 2017 AC -21.45%

Avg (+ or -) 18.34%
Bias -0.68%, tiny negative bias on earnings.

With stock at 14.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 12.16 to 16.84
Based on AVERAGE one-day move over last 12 quarters: 11.84 to 17.16
Based on MAXIMUM one-day move over last 12 Q’s (47.6%): 7.60 to 21.40
Based on DOWN max only (-21.9%): 11.32

Open to requests for other symbols.

#longstraddle