Keeping in mind that up til now we've never shown a massive pile of actual earnings, a clear picture of more to follow, and a PE ratio lower than annual growth. We need to think of classifying 3Q and 4Q and something more substantial than the traditional "good news" that CNBC and others are open to interpret as something else.My usual move for earnings is to go way OTM for the actual event, capture some IV crush post event, then when the inevitable slight drop happens on good news I go in big for the following week at a more aggressive strike.
Keeping in mind this is exactly the kind of rational predictable run that Wall Street like to avoid. Rock you to sleep with a steady climb or slow burn, then.......BOOM......a rocket or plummet. I think we're more likely than not going to boom or bust between today and 4Q earnings. Watching all these CCs get written worries me!This premium stuff has really reduced the stress watching the stock. I am no longer stressed, angry and upset about the stock not following macros on green days, or FUD in the media tanking the stock. Slow and steady wins the race!