Bank Of America (BAC) is scheduled to release earnings on October 15, 2018, before the market opens, and will hold a conference call at 8:30 AM ET on the same day. The stock currently trades at 28.49, which is 4.3% lower than the close following its last reported earnings, trading with a range of 28.26 to 31.91 since that time.
Expected Price Volatility
Currently, option traders are expecting a ± 4.8% move for this earnings, and during the previous earnings release, the stock experienced a +4.3% move. Over the last 12 quarters, the absolute average move has been ± 1.3%, with a minimum move of 0.2% and a maximum move of 4.3%. BAC has only experienced 1 larger-than-expected earnings move in the last 12 quarters.
Earnings Price Pattern
1 Week After Earnings:For 10 of the last 12 quarters (83%), BAC stock price has gone up in the week following earnings. It has had an average gain of +2.2% during that span.
1 Day After Earnings:For each of the last 6 quarters, the stock price has gone up on the day following earnings. Over that period, it has an average gain of +0.7%.
Earnings Option Strategies
MarketChameleon's option strategy analysis
shows that selling out-of-the-money puts the day before earnings had 100%
winning occurrences, for an average gain of +80.4%
. Additionally, selling at-the-money straddles resulted in 83%
winning occurrences, for an average return of +30.5%
Analysts are currently expecting BAC to report an earnings of $0.63 per share, compared to $0.48 for the same quarter last year. Revenue is expected to come in at $22.9 billion versus $22.1 billion for the previous year.
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