Only way in VIEW to trade earnings
, is make sure that you set up trades the day before. Use iron condors, strangles, straddles. Why? because most of the time you have no clue which direction price action will go after earnings
, in the long term. Example of a $56.00 - $ 60.00 straddle. You get a premium or credit and profit from trade (your reward) & your maximum loss would be at stop lost of $3.00 ($56.00) if hit or $300.00. The best lengths to trade monthly contracts is 45 to 65 days to expiry. Short weekly options, can be done, but like always they are harder and have less room for error then longer ones.
The chart is example of how an long call option play could have been done to capture $7.28, per share profit as of today.
Options entries and initial setups of trades are the KEY, to playing STOCK EARNINGS .
Very good website is: stocksearning.com