LITE earnings

#Earnings I’ve never traded this but it has juicy premiums, and upside bias on its short history of earnings (since Nov 2015). Using a spread for disaster protection.

Sold $LITE Nov 3rd 62/57 put spreads for 1.50. Biggest UP move: 14.1%, Biggest DOWN move: -3.7%, Average move: 6.1%. This trade is -3.2% OTM.