BE: Long Nov 260 straddle
Bloom Energy reports Oct 22 after an 8.5% weekly drop, up 139% in a year, with implied vol in the 5th percentile of its 52-week range. The Nov 260 straddle costs about $51.80, or the 20% move the chain prices, and a stock that has ranged from $76 to $351 in a year has to move less than its own history suggests to clear it.
- Ticker: BE
- Direction: Neutral
- Risk profile: volatility
- Confidence: low
- Catalyst: Q3 2026 earnings (2026-10-22)
- Cohort: 2026-10-13
- Expires: 2026-10-20
- Max loss: $51.80
Structure
- long call 260 2026-11-20
- long put 260 2026-11-20
Signals
- IV percentile (52w): 5 (DB)
- Week change: -8.5% (DB)
- 52w range: $75.70 to $351.28 (DB)
- Straddle implied move: 19.7% (DB)
What invalidates this thesis
An in-line print that leaves the stock between $208.20 and $311.80 at expiry loses on both legs, and post-print IV crush speeds that loss.