re: OPTIONS: In The Money Call strategies?

sorry..
i guess it would have been more proper call what i called a 'at the money' strangle.....a STRADDLE.

strangle/straddle= being long both a call and put.
straddle= long @ same price
strangle=diff strike prices.







profit come from any big move...up or down


the problem...errbody is buying calls(or puts) around earnings...and high prices are the kryptonite of option buyers.
there is that "volatility rush" going into announcements (i like place my orders last moment before market close)


$MU is coming up.
it has a predicted move of 7%
looks like MU beats about 75% of the time..and misses 8% recently.
however, with the r/wallstreetbets crowd driving up option prices..even if you're right the immediate volatility crush on MU tends to eat up profits.
i'd be more inclined to skip this one(or maybe be a seller to benefit from the rush..and crush)

$FNSR is expected to move 10% and is currently trending.
they miss about 50% the time... i'd like them better as a long candidate

jmo