OPTIONS: Straddle Prices for Stocks Expected to Report Quarterly Results This Week
05:20 AM EDT, 05/10/2021 (MT Newswires) -- Straddle prices for stocks expected to report quarterly results this week
SmileDirect (SDC) May weekly 8 straddle priced for a move of +/- 9% into the expected release of quarter results today after the bell.
Workhorse (WKHS) May weekly 9.5 straddle priced for a move of +/- 17% into the expected release of quarter results today
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: 8.38, Change: +0.17, Percent Change: +2.07