Earnings Dashboard
FE
upcomingFIRSTENERGY CORP
After Market Closelarge capTuesday, April 28, 2026
Expected Move Analysis
Expected
4.8%
Current Stock Price
$47.52
Expected Move
±4.8%
±$2.30
IV Rank
95
High
Put/Call Ratio
1.15
Bearish bias
Analysis & Commentary
FIRSTENERGY CORP (FE) reports earnings Tuesday after the close. Consensus EPS estimate is $0.73.
IV Rank is elevated at 95, indicating options premiums are pricing in a larger-than-usual move. This creates an edge for premium sellers — the IV crush after the event can be significant.
A short strangle with strikes beyond the ±4.8% expected move could capture the IV crush. This is a higher-risk play — consider defined-risk alternatives or strict position sizing.
Enter the position 1-2 days before earnings to capture the final IV ramp. Plan to close the morning after the report once IV collapses — don't hold hoping for further decay.