MarketChameleon's price pattern detected two notable historical trend 4 CBOE with Earnings on February 8


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Cboe Global Markets Inc. (CBOE) is scheduled to release earnings on February 8, 2019, before the market opens, and will hold a conference call at 8:30 AM ET on the same day. The stock currently trades at 93.28, which is 16.9% lower than the close following its last reported earnings, trading with a range of 87.87 to 115.11 since that time.

Expected Price Volatility

Currently, option traders are expecting a ± 3.6% move for this earnings, and during the previous earnings release, the stock experienced a +1.6% move. Over the last 12 quarters, the absolute average move has been ± 2.1%, with a minimum move of 0.7% and a maximum move of 3.6%. CBOE has only experienced 1 larger-than-expected earnings move in the last 12 quarters.

Earnings Price Pattern

The MarketChameleon earnings price pattern has detected two notable historical trends.
2 Days Before Earnings:For 11 of the last 12 quarters (92%), CBOE stock price has gone down in the 2 days before earnings. It has had an average loss of -1.5% during that span.
1 Day Before Earnings:For 11 of the last 12 quarters (92%), the stock price has gone down on the day before earnings. Over that period, it has an average loss of -1.2%.

Earnings Option Strategies

MarketChameleon's option strategy analysis shows that selling the day before earnings had 80% winning occurrences, for an average gain of +48.0%. Additionally, selling at-the-money straddles resulted in 88%winning occurrences, for an average return of +3.8%.

EPS Estimate

Analysts are currently expecting CBOE to report an earnings of $1.37 per share, compared to $0.87 for the same quarter last year. Revenue is expected to come in at $325.0 million versus $265.6 million for the previous year.
 
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Note: selling options can result in losses of greater than 100%. Average returns from selling options is calculated based on net change in value against the initial theoretical option value. Prior to buying or selling an option, you should read the Options Clearing Corporation's Characteristics and Risks of Options.