OPTIONS: Straddle Prices for Stocks Expected to Report Quarterly Results This Week
05:24 AM EDT, 05/10/2021 (MT Newswires) -- Straddle prices for stocks expected to report quarterly results this week
Palantir (PLTR) May weekly 20 straddle priced for a move of +/- 12% into the expected release of quarter results before the bell on May 11.
Lemonade (LMND) May weekly 79 straddle priced for a move of +/- 14% into the expected release of quarter results on May 11.
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: 76.80, Change: -2.31, Percent Change: -2.92