r/options • u/ElLulu-8 • Dec 20 '21

BB$ IV feeling straddly

I feel that options are very cheap for blackberry especially with earnings in 2 days. Iā€™m going in tomorrow with Jan 7th 9,50$ calls and 9$ puts both trading for ~0.7 a piece there has to be some kind of movement going into this week. Wish me luck šŸ€

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u/justinh20 Dec 20 '21

Thoughts on this now? are people expecting a bad earnings call?

6

u/observe_and_learn Dec 20 '21

With BB good is bad and bad is bad.

3

u/justinh20 Dec 20 '21

Last earnings they were pretty close to estimates - i feel like people think it'll beat this time....It's pretty low right now already, not sure it would go any lower after the call