Best way to play earnings as posted BEFORE lat quarter
the day of earnings,,,,buy a near term call and put at market price option strike price. Pay for this by selling a later dated covered call...Never use your own money playing options...never!
The near term option moves 110% in reference to present market action while the later dated options only moves 30 to 40%...Just on face value you can see how this would work. I track edit last quarter and it does.
When I say near term...for GOOG is it the following weel since earnings come out the day before MONTHY OPTION EXPIRATION
the next three days following whatever is the winning side...you repeat this ...selling a Jan option and buying a near term one.