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

· 02/08/2021 01:20

06:12 AM EST, 02/08/2021 (MT Newswires) -- Straddle prices into quarter result this week

Lyft (LYFT) February weekly 53 straddle priced for a move of 9% into the expected release of quarter results after the bell on February 9.

Tenet Healthcare (THC) February weekly 50 straddle priced for a move of 10% 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: 53.70, Change: +0.58, Percent Change: +1.09