Jul. 27 at 11:35 PM
$BE
Below 235.29, BE is still in a negative gamma regime, so earnings could produce larger-than-normal price swings in either direction.
* The elevated IV (88.6% rank, 98th percentile) also means options are expensive before earnings. Anyone buying calls needs a sufficiently large move to overcome the likely drop in implied volatility after the report.
* If BE can reclaim
$200, that would be a constructive first step, but the more significant structural change wouldn’t occur until it gets close to the
$235 gamma flip.
