Yeah, now is not a bad moment to buy some buy/write long calls, I already have a load, but might add some more +c300's for later in the yearMy plan is to by OTM call since they’re cheap now. Maybe 245 riding the mid 250 pump if ER good.
If and when there is a pump before ER buy OTM put maybe at 195.
Form a straddle. If there is a 20% movement that should equal profit. If it just flat then that another story…..
Expired 2 weeks out from earning.
Or as Tivoboy said - choose your battle - dont play earning week at all.
My rationale behind this is that if I you have, say, 300x contracts to write against then writing 100x weeklies at $2 premium is a reasonable bet
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