OPTIONS: Straddle Prices for Stocks Expected to Report Quarterly Results This Week
05:17 AM EDT, 05/11/2021 (MT Newswires) -- Straddle prices for stocks expected to report quarterly results this week
Wix.com (WIX) May weekly 280 straddle priced for a move of +/- 12% into the expected release of its quarterly results before the bell on May 12.
Utz (UTZ) May 25 straddle priced for a move of +/- 9% into the expected release of its quarterly results on May 13.
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: 281.00, Change: -0.59, Percent Change: -0.21