#Earnings Looking at $SPLK, I see the moves on earnings have been under 5% for the last four reports. Before that, it is higher, so I don’t want to sell naked on it. Instead, I’ll take a low risk bet that it will make another small move. An ATM iron butterfly, 5 points wide, is risking 1.5 to make 3.5. I will wait until end of day to put on the trade, in case I need to move to a different strike, but for now the plan is : Sell 1-62.5 put, buy 1-57.5 put / Sell 1-62.5 call, buy 1-67.5 call. Here are the last 12 reports, 1-day moves:

Aug. 27, 2015 AC -2.27%
May 28, 2015 AC -4.85%
Feb. 26, 2015 AC -3.33%
Nov. 20, 2014 AC 3.06%
Aug. 28, 2014 AC 19.07%
May 29, 2014 AC -16.34%
Feb. 27, 2014 AC -2.87%
Nov. 21, 2013 AC 22.80%
Aug. 29, 2013 AC 12.85%
May 30, 2013 AC 3.40%
Feb. 28, 2013 AC 7.86%
Nov. 29, 2012 AC 0.73%