Chalk another winning week up for straddle buyers. The week ending 8/16/19 saw an average return on straddle at 135%, albeit a light week with only 3% of firms reporting.
This weeks movers were led by more obscure firms as the earnings season winds down. Pampa Energia suffered a 53.5% loss which was nearly 8x what was expected. Grupo Financiero Galicia was down 56% and Myriad Genetics down 43%.
The next couple of weeks will see the last 9% of firms to report.
Earnings reports explanations.