CI earnings trade & analysis

#Earnings
Sold to Open $CI Nov 2nd 200/222.5 strangles for 1.96. I’ve ever traded this healthcare stock, but its moves on earnings are subdued, and it also appears to have been little affected by recent volatility.

$CI reports in the morning. Below are details on earnings 1-day moves over the last 12 quarters.

Aug. 2, 2018 BO 3.26%
May 3, 2018 BO 0.30%
Feb. 1, 2018 BO -1.60%
Nov. 2, 2017 BO 0.27%
Aug. 4, 2017 BO -1.98%
May 5, 2017 BO 2.24%
Feb. 2, 2017 BO 0.44%
Nov. 3, 2016 BO -0.45%
July 29, 2016 BO -5.16%
May 6, 2016 BO -3.02%
Feb. 4, 2016 BO 1.71%
Nov. 6, 2015 BO 0.30%

Avg + or – 1.73%
Bias -0.31%, slight negative bias on earnings.

With stock at 210.00, the data suggests these ranges.
Based on current IV (expected move per TOS): 200.70 to 219.30
Based on AVERAGE move over last 12 quarters: 206.37 to 213.63
Based on MAXIMUM move over last 12 Q’s (5.2%): 199.16 to 220.84

Open for requests on other symbols.