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Re: jimmybob post# 333893

Tuesday, 05/21/2019 3:03:41 PM

Tuesday, May 21, 2019 3:03:41 PM

Post# of 363806
Lowe's options volume is 3X daily average ahead of earnings
Lowe's options volume is 3X daily average ahead of earnings. The stock up 1.9% to $111.25 and biggest trade looks like 2.8K May24th 111 - 117 long strangles for $2.55 (buying both 111 puts and 117 calls) in anticipation of a volatile move in shares between now and Friday. More than 3K traded in both strikes. May 24th 104 puts, Jun 110 puts, and Jun 125 calls are next most active and total volume is 16K calls/10K puts. The company is due to report tomorrow morning and the May 24th ATM straddle, which expires in three days, trades at 4.6% of spot, less than the 4.8% average daily move seen over the past eight quarters

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