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OPTIONS: Straddle Prices for Stocks Expected to Report Quarterly Results Next Week

· 02/05/2021 01:23

06:12 AM EST, 02/05/2021 (MT Newswires) -- Straddle prices into quarter releases next week

Teva (TEVA) February weekly 12.50 straddle priced for a move of 10% into the expected release of quarter results on February 10.

Uber (UBER) February weekly 58 straddle priced for a move of 9.5% into the expected release of quarter results after the bell on February 10.

A straddle entails buying a call and put of the same strike that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.

Price: 12.33, Change: -0.07, Percent Change: -0.56