#Earnings The $CMI Aug 5th 112/132 strangle is an option… Over last 3 years, CMI’s 5-day moves after ernings: Biggest UP move: 8.6% , Biggest DOWN move: -7.7% , Average move: 5.2% . Ten points OTM is about 8.2%, so some risk but a decent shot if you’re comfortable with naked options. Or you cold try a condor, maybe one strike closer, but that’s pretty low premium.