Earnings Options Scan — Week of 2026-05-30
algolearn.ai May 29, 2026 3 min read 7 views
Earnings 2026-05-30 ? 2026-06-12 · 3 trades · 2 watchlist
Automated weekly scan of large/mid-cap names reporting earnings between 2026-05-30 and 2026-06-12. Each idea is defined-risk and built from live options-chain data. Not investment advice.
Trades
1. PANW — Palo Alto Networks, Inc. (iron condor)
| Earnings | 2026-06-02 (AMC) |
|---|---|
| Expiration | 2026-06-05 |
| Legs | -1 312.5C / +1 330C / -1 257.5P / +1 245P |
| Entry | +$5.10 credit per iron condor |
| Max risk / reward | $1240 / $510 · breakeven $252.40 to $317.60 |
| P&L | +11.4%: +$510 · -11.4%: -$563 · flat: +$510 |
| IV | ATM IV 113.8% · expected move 11.4% · expected 11.4% vs hist 5.3% median (8 qtrs per web) ? ATM IV at 114% is ~115% overpriced relative to realized behavior; call 25d IV (1.0854) > put 25d IV (0.9100), -16.2% skew confirms bullish call premium |
| Thesis | PANW's ATM IV at 113.83% is more than double its 5.3% 8-quarter median actual earnings move, making this the clearest premium-sale setup in the scan. The stock hit a new 52-week high today (+9.6% intraday on broad tech momentum), temporarily juicing short-dated IV that should collapse post-earnings regardless of direction. Short strikes at 312.5C and 257.5P bracket a $55 wide profit zone centered on $278, well beyond the historical median move range of ~±15 points. |
| Enter by | 2026-06-02 market close (before AMC print) |
2. AVGO — Broadcom Inc. (iron condor)
| Earnings | 2026-06-03 (AMC) |
|---|---|
| Expiration | 2026-06-05 |
| Legs | -1 490C / +1 517.5C / -1 412.5P / +1 397.5P |
| Entry | +$7.25 credit per iron condor |
| Max risk / reward | $2025 / $725 · breakeven $405.25 to $497.25 |
| P&L | +9.6%: +$725 · -9.6%: -$613 · flat: +$725 |
| IV | ATM IV 98.9% · expected move 9.6% · expected 9.6% vs hist 3.8% trailing 2-qtr avg (Mar'26: +2.2%, Dec'25: -5.4%; Dec'24 +31.8% excluded as one-time AI-infrastructure outlier) ? chain IV ~153% above recent realized behavior; web sources confirm market consensus at 7.5-8.1% implied, making our chain's 9.6% even richer; call 25d IV (0.9968) > put 25d IV (0.7776), -22.0% skew reflects persistent bullish sentiment at 52-week high |
| Thesis | AVGO is printing a new 52-week high ($446.77) on AI semiconductor demand; the December 2024 +31.8% move was a once-in-cycle event tied to a transformational business announcement and is not representative of typical earnings behavior. The last two actual moves (Mar 2026: +2.2%, Dec 2025: -5.4%) came in far below the priced-in expected move, and even the broader market consensus pins the June 2026 move at 7.5-8.1% vs our chain's 9.6%. The iron condor collects $7.25 of rich IV with breakevens at $405.25/$497.25, a $92 wide profit corridor. |
| Enter by | 2026-06-03 market close (before AMC print) |
3. ORCL — Oracle Corporation (bull put spread)
| Earnings | 2026-06-10 (unknown) |
|---|---|
| Expiration | 2026-06-12 |
| Legs | -1 220P / +1 205P |
| Entry | +$6.275 credit per spread |
| Max risk / reward | $872 / $628 · breakeven $213.73 |
| P&L | +14.6%: +$628 · -14.6%: -$873 · flat: +$628 |
| IV | ATM IV 92.3% · expected move 14.6% · expected 14.6% vs hist 9.25% avg across 6 qtrs (Jun'24 +13.3%, Mar'24 +11.8%, Sep'24 +11.4%, Dec'24 -6.7%, Mar'25 -3.1%, Mar'26 +9.2%) ? ~58% overpriced; call 25d IV (1.0403) > put 25d IV (0.9151), -12.0% call skew and stock's +65% run from 52-week low support bull-biased structure |
| Thesis | ORCL surged +10.8% today to $225.78, apparently on AI-cloud contract momentum, and has rallied +65% from its 52-week low of $136.48. Expected move at 14.6% is overpriced vs the 9.25% historical average, and the call-side skew confirms the market leans bullish into the print. The bull put spread at $220/$205 requires only that ORCL holds above $213.73 by June 12 — a level 5.5% below current price and well outside the historical median move of ~9.3% to the downside. EPS growth (+17% YoY estimate) and AI-infrastructure tailwinds further support the bullish thesis. |
| Enter by | 2026-06-10 before market open (report time unknown — treat as potential pre-market risk) |
Watchlist
- CRWD — At 52-week high ($731), up +109% from lows; expected move 10.75% vs 4.88% historical avg (8-qtr abs avg: 1.3%, 1.9%, 2.6%, 1.1%, 6.7%, 5.6%, 3.4%, 16.4%) ? structurally overpriced IV. However, chain shows extreme put skew (put 25d IV 1.2099 vs call 25d IV 0.7046), very wide ATM call bid-ask spread (19.3%), and a $33 discrepancy between chain underlying price ($764) and EOD close ($731). Monitor for cleaner fills and spread normalization closer to the June 3 earnings date before entering an iron condor.
- ADBE — Earnings 2026-06-11 AMC; stock down 29% from 52-week high in a multi-month downtrend but rallied +7.4% today. Expected move 11.23% vs web consensus ~7.68% implied — chain IV appears elevated. Put skew: put 25d IV (0.8172) vs call 25d IV (0.6251), +30.7% skew favors put side. A bear call spread (sell 290C/buy 305C, $4.525/$2.56 mid) is worth sizing up if pre-earnings price action confirms the downtrend. Historical actual-move data is limited; confirm via optionslam.com before entering.
Expected vs. historical moves
| Ticker | Expected | Historical avg | Verdict |
|---|---|---|---|
| PANW | 11.4% | 5.3% | OVERPRICED |
| AVGO | 9.6% | 3.8% | OVERPRICED |
| ORCL | 14.6% | 9.2% | OVERPRICED |
| CRWD | 10.7% | 4.9% | OVERPRICED |
Generated 2026-05-30 02:13 UTC by the AlgoLearn earnings scanner. Defined-risk options ideas for informational purposes only — not investment advice.
https://pagerankcafe.com/pressRelease/blog/earnings-scan-2026-05-30
