#Earnings $PCLN has some pretty juicy premium for a wide strangle or condor. Below are the three-day move after last 12 reports. Historically, upside has been the bigger risk. The 1560 call is going for 1.30 and is 16% OTM (above previous 15.4% move). And the 1200 put is going for 6.00, which is 10.4% OTM (below previous -9.6% move).

THREE-DAY MOVES
Wed 02/17/2016 BO 15.58%
Mon 11/09/2015 BO -9.56%
Wed 08/05/2015 BO 2.59%
Thu 05/07/2015 BO -4.69%
Thu 02/19/2015 BO 8.30%
Tue 11/04/2014 BO -8.40%
Mon 08/11/2014 BO 2.16%
Thu 05/08/2014 BO 0.36%
Thu 02/20/2014 AC 2.54%
Thu 11/07/2013 AC 4.91%
Thu 08/08/2013 AC 3.87%
Thu 05/09/2013 AC 3.78%