{"id":"vol-earnings-plays","category":"volatility","title":"Earnings Options Strategies","summary":"Pre-earnings IV run-up vs post-earnings IV crush — two distinct strategy windows.","trigger":{"always":false,"sectors":[],"tickers":["AAPL","MSFT","NVDA","AMZN","GOOGL","META","TSLA","JPM","GS","BAC"],"regimes":[]},"ttl_hours":168,"content":{"pre_earnings_runup":{"window":"14-7 DTE before earnings — close BEFORE market close on earnings day","strategy":"Long calendar spread or directional debit spread — buy 30 DTE, sell 7 DTE. Captures IV expansion without binary event risk.","exit":"Close 1-2 days before earnings; do not hold through the announcement"},"post_earnings_iv_crush":{"window":"Open position at market close just before earnings or at open next morning","strategy":"Iron condor or short strangle targeting 0.15 delta on both sides — sell the elevated IV that will collapse","exit":"Take profit at 40-50% of max profit within 1-2 days as IV crushes back to baseline"},"rules":["Never hold long options through earnings unless you have strong directional conviction","IV crush post-earnings is usually 30-60% of pre-earnings IV level","Skip earnings plays if IV rank is below 30 — not enough premium to sell"],"verdict":"Earnings are the most repeatable options edge. Pre-earnings calendar captures IV run-up; post-earnings short strangle captures the IV crush. Pick one — don't hold through the event with a long debit spread."}}