#Earnings Sold to Open $NOW Feb 19th 60 puts for 1.00. One-day moves after last 12 earnings: Biggest UP move: 15.3%, Biggest DOWN move: -11.5%, Average move: 9.0%.

Since these don’t expire for 20 days, let’s look at the biggest 21-day moves after the last 12 earnings:
Biggest UP move: 16.5%, Biggest DOWN move: -10.7%, Average move: 9.6%.

So as you can see, the stock does not significantly increase its post earnings moves between 1 and 21 days after earnings.

This trade is 21.2% OTM.

I have traded this on most earnings and have closed the trade for .05 or .10 within the next couple of days every time.