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

· 02/05/2021 01:47

06:37 AM EST, 02/05/2021 (MT Newswires) -- Straddle prices into quarter releases next week

Canopy Growth (CGC) February weekly 44 straddle priced for a move of 15% into the expected release of quarter results on February 9.

Cisco (CSCO) February weekly 47 straddle priced for a move of 6% into the expected release of quarter results after the bell on February 9.

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: 43.66, Change: -0.48, Percent Change: -1.09