YELP trade

#Earnings Bought to Open $YELP Aug 9th 34/34.5 #LongStrangle for 4.23.

YELP earnings analysis

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

May 9, 2019 AC -14.37%
Feb. 13, 2019 AC -0.70%
Nov. 8, 2018 AC -26.59%
Aug. 8, 2018 AC +26.65% Biggest UP
May 10, 2018 AC -7.81%
Feb. 7, 2018 AC -14.04%
Nov. 1, 2017 AC -0.10%
Aug. 3, 2017 AC +27.66%
May 9, 2017 AC -18.35%
Biggest DOWN
Feb. 9, 2017 AC -13.64%
Nov. 2, 2016 BO +9.94%
Aug. 9, 2016 AC +12.83%

Avg (+ or -) 14.39%
Bias -1.54%, negative bias on earnings.

With stock at 34.10 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 29.64 to 38.56
Based on AVERAGE one-day move over last 12 quarters: 29.19 to 39.01
Based on MAXIMUM one-day move over last 12 Q’s (27.7%): 24.67 to 43.53
Based on DOWN max only (-26.6%): 25.03

Open to requests for other symbols.

#longstraddle, #longstrangle

YELP closing

#Earnings Sold some 39.5 long puts for 3.75, but now waiting as it looks to want to drop more. #LongStrangle bought yesterday for 4.37.

Filled on next batch for 4.50 and 4.75.

YELP strangle

#Earnings Bought to open $YELP May 10th 39.5/40 #LongStrangle for 4.37. I need an 11.8% move for breakeven. Avg move on earnings is 15.2%.

SKX strangle

Earnings #LongStrangle
Was planning for a #LongStraddle but since price is between strikes and stock has bullish bias on earnings,

Bought $SKX 35/35.5 strangle for 4.15. Need a 12.5% move in either direction to breakeven. Avg move on stock has been 16.2%.

#longstrangle EWZ Just in case…

#longstrangle EWZ

Just in case bought Nov. 16, 45 call for .06, bought Nov. 16, 27.50 put for .05, closed other EWZ short calls and puts.