OPTIONS: Straddle Prices for Stocks Expected to Report Quarterly Results This Week
05:49 AM EST, 02/08/2021 (MT Newswires) -- Straddle prices into quarter result this week
General Motors (GM) February weekly 54 straddle priced for a move of 6.5% into the expected release of quarter results before the bell on Feb. 10.
Teva (TEVA) February weekly 12.50 straddle priced for a move of 9% into the expected release of quarter results on Feb. 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: 55.90, Change: +1.49, Percent Change: +2.74