OPTIONS: Straddle Prices for Stocks Expected to Report Quarterly Results This Week

Straddle prices for stocks expected to report quarterly results this week

Ally Financial (ALLY) October 27 straddle priced for a move of 6% into the expected release of quarter results before the bell on October 16.

Bank of New York (BK) October 36.50 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on October 16.

A straddle entails buying a call and put of the same strike that allows the holder to profit based on how much the price of the underlying security moves, regardless of the direction of price movement.

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