Friday, August 16th 2019
Another Big Week for Earn Moves
Earnings Season is winding down but the straddle owners won last week.
During a light week with only 3% of firms reporting, straddle buyers saw an average return of 135%. The week's biggest movers were more obscure firms, with Pampa Energia suffering a 53.5% loss, Grupo Financiero Galicia down 56%, and Myriad Genetics down 43%. The next couple of weeks will see the last 9% of firms reporting.
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.
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