GameStop's stock rocketed 35% the day after the last quarterly report and has averaged a gain of more than 13% after the past five reports.
Shares of GameStop Corp. surged Wednesday as investors prepped for the videogame and consumer-electronics retailer’s quarterly results. The stock has a recent history of large post-earnings gains.
While the stock-options market didn’t pick a side, it was also ready for a bigger-than-average post-earnings move. It’s no wonder investors acted boldly ahead of the report. The stock rocketed 35.3% on March 22, the biggest one-day gain in two years, after GameStop reported a surprise fourth-quarter profit and the first quarterly profit in three years.
Straddles are pure volatility plays that involve the simultaneous purchase of bullish options, or calls, and bearish options, or puts, with the same at-the-money strike prices and the same expiration dates. Like a point spread in sports betting, the buyer of a straddle makes money if the stock closes outside of that implied range of the straddle.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two big rig collision on S I-35 in South Austin shuts down two lanesThe Austin Fire Department responded to a collision between two 18-wheelers on Interstate 35 Monday afternoon in South Austin.The crash happened in the 7700 blo
Read more »
McKinney $35.9M project to nearly double 2 sites’ affordable housing unitsA $35.9 million redevelopment project will almost double the available affordable housing units for low-income residents at the Lloyd Owens and Cockrell homes...
Read more »
Jinusean's Sean raises 35 million won through 'Ice Bucket Challenge Run' | allkpopOn June 6, Jinusean's Sean announced the successful completion of the '2023 Miracle 365 Ice Bucket Challenge Run' with the Seungil…
Read more »
SEC sues Coinbase over exchange and staking programs, stock drops 13%The U.S. securities regulator alleged that the exchange was offering 13 different assets that were considered securities and operating as a broker and exchange.
Read more »