TZA

0DTE

1MO

Use the expected move for strike selection. Modify later.

Will TZA move up, down, or sideways?

Expiry • May 23

Bullish

Neutral

Range

Bearish

Down

Max Loss

Max Gain

PoP

+16.5C • May 23

Modify Strikes

Max Loss

Max Gain

PoP

+16.5C / -19.5C • May 23

Modify Strikes

Max Loss

Max Gain

PoP

+13.5P / -14P • May 23

Modify Strikes

Next Earnings

after close

Expected Move

Prior earnings moves

Average realized move (1D)

Date	1D Move	EPS	Estimated EPS	Revenue

May 23 Expected Move