Sell fear. Buy it back cheap.
📊 The Trade (4 Contracts)
Before Earnings➡️ Collected: +$1,435.96
After Earnings➡️ Closed: -$112.00
💰 Profit
👉 ~$1,324
🧠 What happened?
- IV was high before earnings → we sold premium
- After earnings → IV crushed👉 Option value collapsed
🎯 Takeaway
👉 No big move needed👉 Got paid from volatility + time👉 Captured ~90% of the premium