#Earnings $UBER reports tonight. Below are details on earnings one-day moves over its entire history.
Option premium and IV is high… expected move is much higher than its previous maximum move.
Aug. 8, 2019Â AC -6.79%
May 30, 2019Â AC +1.53%
Avg (+ or -) 4.16%
Bias -2.63%, negative bias on earnings.
With stock at 30.50 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 26.21 to 34.79
Based on AVERAGE one-day move over last 2 quarters: 29.23 to 31.77
Based on MAXIMUM one-day move over last 2 Q’s (6.8%): 28.43 to 35.27
Based on UP max only (+1.5%): 30.97
Open to requests for other symbols.
#shortstrangles