PLUG is going to report earnings on Nov 09, 2020 Before Market Open
The options market overestimated PLUG stocks earnings move 83% of the time in the last 12 quarters. As you will see bellow, this historical data (overestimated move 83%) could give us an edge on straddles or strangles with short expires (weekly).
Predicted move after earnings: ±12.6% on average. Actual earnings move after earnings: 6.3%. Because the actual move is more likely to occur, we can make the assumption that the price will fall within the overestimated move. To follow this idea click on trading view link.
Predicted ±$2.37 (12.6%) Historical Moves
BULL = $21.23
BEAR = $16.48
Actual ±$1.18 (6.3%) Historical Moves
BULL = $20.04
BEAR = $17.67
Thanks for reviewing my Idea
The options market overestimated PLUG stocks earnings move 83% of the time in the last 12 quarters. As you will see bellow, this historical data (overestimated move 83%) could give us an edge on straddles or strangles with short expires (weekly).
Predicted move after earnings: ±12.6% on average. Actual earnings move after earnings: 6.3%. Because the actual move is more likely to occur, we can make the assumption that the price will fall within the overestimated move. To follow this idea click on trading view link.
Predicted ±$2.37 (12.6%) Historical Moves
BULL = $21.23
BEAR = $16.48
Actual ±$1.18 (6.3%) Historical Moves
BULL = $20.04
BEAR = $17.67
Thanks for reviewing my Idea
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.