#Earnings Sold to Open $CMG Apr 28th 430/520 strangles for 2.505 (avg price). Over last 12 earnings reports, Biggest UP move: 11.8%, Biggest DOWN move: -9.3%, Average move: 6.8%. These strikes are -8.5% and +10.6% OTM respectively. Leaning bullish because that’s what the option prices are doing; despite being further from current price, the 520 call is going for twice the price of the 430 put.

#ironcondor