ASF is trading 26.60, up 20% ($4.46) on earnings released this morning. The LIVEVOL™ Pro Summary is below.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhE0tFPPMmOkMCY1mxqQU7jhrJyXdvVE_BjNtcAsPG1lBu8nhGq55hB3Uoe6zg1Kimr-airKZentJ4fFWafHfuUhkHriaWoB9GtHH_rW5vM6VI0yJdQf-bYYpP0CCVBWRLL9y0msdcIdkSA/s400/asf_summary_2.gif)
I first wrote about ASF on Tuesday of last week as a call buyer "snuck" in with small orders but several times. You can read the first blog here below.
The first blog: Click Here ("Sneaky Call Buyer")
The May 25 calls were the action, about 4,500 were purchased for $0.45. The Options Tab snap is included (click to enlarge).
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAfywlEa6hRcg65ItqePkl9lw-fKqIOxppq43N22sd4Vs3EuS5KEHACm97aQJQFJVXCnva488u5WUhDzfV1sSBh1WMIUIbe5k5eY2BjPsMVPCvtW1DABNhM_hEZBXVlq_5PWCxtRpRcNJK/s400/asf_options_2.gif)
You can see the May 25 calls are now worth $1.90. That's 4500x100x($1.90-$0.45) = $834,750 dollar win on a ~$200,000 bet.
One more interesting note: The Charts Tab (6 months) is below (click to enlarge). The top portion is the stock price, the bottom is the vol (IV30™ - red vs HV20™ - blue). The yellow shaded area at the very bottom is the IV30™ vs. the HV20™ vol difference.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicH_PD8xIn-0niilujtM2rZpRuWWo7V-cGmVKbD-3yKcSc1qypVzlxg3tANPNjaaxFCUj44L13Ox-BZsHsRX5h1BpQJhpnzcaHhlHXrYrWyA_GPs7oJs6y_ptJ1xrCiFCTJxi_1oO1Tt6j/s400/asf_charts2.gif)
You can see for the last two consecutive earnings this stock has gapped considerably (-25% two cycles ago, and +20% this time). It might be time to write this one down and see if the order flow gives a similar tip next time.
This is trade analysis, not a recommendation.
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