ALXN earnings

#Earnings #ShortStrangles Asking 1.90 for ALXN July 29th 117/136 strangle. Biggest UP move: 21.1%, Biggest DOWN move: -5.5%, Average move: 5.3%. These strikes are over 7% OTM. The 21% up move is an outlier; next highest is 7.3%. If you eliminate the outlier, these strikes are outside its biggest moves.

I may add some long options as protection later.