One of my favorite strategies is to buy calls ahead of earnings to capture profits from the almost inevitable price momentum and vol expansion of high-flyer stocks. The key to success is to close these trades before the report to avoid post-earnings risk. I use CMLViz to backtest and only take trades with a high probability of winning AND an even distribution of trade profits over multiple quarters. GOOGL and NFLX are among my favorites along with ADBE, BA, MSFT and others.

BOT +1 GOOGL 27 JUL 18 1230/1260 CALL @6.80. GTC order to close for 40% profit @ 9.50. Earnings 7/23
BOT +1 NFLX JUL 18 415/435 CALL @5.77. GTC order to close for 40% profit @ 8.08. Earnings 7/16

GOOGL trade closed for 40% profit at 9.50 in less than 24 hours. Jumping in for another round.:-)
NFLX trade closed for 40% profit @ 8.08 in less than 24 hours. Jumping in for another round of Jul20, long strike 20d.

If trades close for profit quickly, I’ll do multiple rounds on the same underlying in the same quarter.
#Pre Earnings Momentum