I like to sell premium but there are also times that I like to buy options and pre-earnings can be a good time to do so, especially with volatility being so low. Running some scans I happened across $ITW that has formed a very tight wedge and the Bollinger Bands are ready to explode. Earnings
Slingshot Strangle
An interesting take on a widely used option strategy, the strangle. Not sure if the “Motor City Madman” uses them, but it appears as though there are some advantages to this modified debit trade. You can get the whole “Futures & Options Trader monthly magazine for free here.