PLUG is going to report earnings on Nov 09, 2020 Before Market Open
The options market overestimated PLUG stocks earnings move 83% of the time in the last 12 quarters.
This historical data could give us an edge.
Predicted Average Earnings Move: ±12.6%
Actual Average Earnings Move: 6.3%
One can infer PLUG will fall within the predicted range.
Note: A potential catalyst such as recent news could take PLUG outside the range. In this event, the catalyst would be considered significant. And identified as an outlier.
Predicted ±$2.37 ( ±12.6% )
upside = $21.23
downside = $16.48
Actual ±$1.18 ( ± 6.3% )
upside = $20.04
downside = $17.67
Thanks for reviewing my idea and constructive criticism is welcome.
The options market overestimated PLUG stocks earnings move 83% of the time in the last 12 quarters.
This historical data could give us an edge.
Predicted Average Earnings Move: ±12.6%
Actual Average Earnings Move: 6.3%
One can infer PLUG will fall within the predicted range.
Note: A potential catalyst such as recent news could take PLUG outside the range. In this event, the catalyst would be considered significant. And identified as an outlier.
Predicted ±$2.37 ( ±12.6% )
upside = $21.23
downside = $16.48
Actual ±$1.18 ( ± 6.3% )
upside = $20.04
downside = $17.67
Thanks for reviewing my idea and constructive criticism is welcome.
Trade closed manually
one day after earnings, PLUG followed the average move +6.3% . And fell within the predicted average earnings range of ±12.6% Next upcoming earnings date is projected to be March 5th 2021 - March 8th 2021 .
Please follow for other earnings moves based on historical data and option predicted moves.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.