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Earnings

Thursday, August 13th 2020

Earnings Results - Cisco And Upcoming Annoucements

Cisco CSCO had a terrible earnings report and the stock was down today. See the rest of the earnings moves and how the earnings season is going compared to option straddle expectations.

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Summary

Cisco (CSCO) missed earnings and saw its stock drop over 11%, double what the options market expected. Week 5 of earnings season is seeing options buyers finally getting some headway, with 106% retained. AMAT, BIDU, and PRPL announced after close, and DNKG, HD, and KSS will announce before open tomorrow.

Cisco (CSCO) got whacked today after announcing earnings and missing. The stock was down over -11% double what the options market was expecting in the straddle prices.

We are in the middle of Week #5 of earnings season and finally the options buyers are starting to get some headway. After atrocious Weeks 1-3, that saw straddles only returning 64%, 53% and 75% of their value back to holders after announcements, Week #5 saw 106% retained.

After the close today, AMAT BIDU PRPL announce and tomorrow before the open DNKG HD KSS announce.

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The opinions and ideas presented herein are for informational and educational purposes only and should not be construed to represent trading or investment advice tailored to your investment objectives. You should not rely solely on any content herein and we strongly encourage you to discuss any trades or investments with your broker or investment adviser, prior to execution. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. Option trading and investing involves risk and is not suitable for all investors. For more information please see our disclaimer.
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