OPTIONS: Straddle Prices for Stocks Expected to Report Quarterly Results This Week
05:15 AM EDT, 05/11/2021 (MT Newswires) -- Straddle prices for stocks expected to report quarterly results this week
Aurora Cannabis (ACB) May weekly 8.5 straddle priced for a move of +/- 14% into the expected release of its quarterly results on May 13.
Sonos (SONO) May 35 straddle priced for a move of +/- 13% into the expected release of its quarterly results after the bell on May 12.
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: 34.70, Change: -0.15, Percent Change: -0.43