This leads to Autozone reporting a gain in gross profits that began in May at 1.089million to 1.432 million in August. Along with bullish profits, Autozone opened today at $384.00, only $15 off of the 52-week high of$399.10, and has consistently increased in price from September 14th at $351.99 to $383.77 as of November 30th. Again, look for the bullish trend in Autozone to continue tomorrow, however looks to place a stop at $370, as that was the previous low, before the November highs.
Historical vol: 30day=12.8% 60day=17.4% 120day=18.3%
Current ATM IV[30d]: 25.2% +1.4 pts (+5.7%)
Date PreEarn PostEarn Change
09/19/12 $357.84 $369.84 $+12.00 (3.4%)
05/22/12 $368.55 $361.14 $-7.41 (-2.0%)
02/28/12 $366.09 $376.41 $+10.32 (2.8%)
12/06/11 $338.97 $337.81 $-1.16 (-0.3%)
Average Magnitude of Post Earnings Return 2.1%