Putting on a trade way out of my comfort zone but seems reasonable. Goal is to take advantage of IV increase into earnings while offsetting time decay.

Bought to open Sep 30 54.5/58.0 strangle
Sold to open Sep 23 54.5/58 strangle

Plug this into TOS and give it a 14 percent volatility increase into earnings week. Pretty wide breakeven/profit window. If IV increases by more than 14 percent window becomes wider…