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Amazon stock drops again ahead of earnings, as options are priced for a bigger-than-usual move

Shares of Amazon.com Inc. sank 4.6% in afternoon trading, and has now lost 8.6% in two days, as investors prepped for the ecommerce giant's third-quarter results after the closing bell. The stock has declined the day after results were reported 6 times in the last 8 quarters, with an average decline of 5.1% and an average gain of 12.0%; the average one-day post-earnings move in either direction was 6.9%. A stock options strategy known as a straddle, in which both bullish (calls) and bearish (put Read More...

Shares of Amazon.com Inc. sank 4.6% in afternoon trading, and has now lost 8.6% in two days, as investors prepped for the ecommerce giant’s third-quarter results after the closing bell. The stock has declined the day after results were reported 6 times in the last 8 quarters, with an average decline of 5.1% and an average gain of 12.0%; the average one-day post-earnings move in either direction was 6.9%. A stock options strategy known as a straddle, in which both bullish (calls) and bearish (put

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