The firm's data showed the stock price of companies that missed estimates on both the top and bottom lines (read: sales and profits) lagged the S&P 500 by an average of 2.2% on the day following these results, less than the 2.4% underperformance to the index usually seen during earnings periods.
Options are financial derivatives that provide the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price before or on a specific date. There are two main types of options: call options and put options.