OPTIONS: Straddle Prices for Stocks Expected to Report Quarterly Results This Week
05:59 AM EST, 02/08/2021 (MT Newswires) -- Straddle prices into quarter result this week
Akamai (AKAM) February weekly 114 straddle priced for a move of 7% into the expected release of quarter results after the bell on February 9.
Canopy Growth (CGC) February weekly 43 straddle priced for a move of 14% into the expected release of quarter results 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: 114.67, Change: +2.56, Percent Change: +2.28