so sorry for the delay . . I don't come to iHub that often.
I like Silicon investor much better.
I did hold through earnings .. and came out about breaking even.
1 - don't hold through the earnings release . . even with the Big swings Up then Down of the underlying CMG, neither my long Put nor long Call increased in price from the day before!
2 - don't be long options that expire right near the Earnings Release .. be short those options 2-SDs out
3 - this was the first time I tried doing an Earnings Release play and Holding through it . . never again.
4 - the best way to trade options, IMHO, is Diagonal Spreads . . collecting income every week on the short options and also, possibly, gaining profits on the long options. I will go back to doing this full-time.
The way I trade is to use directional trends of volatile and very liquid stocks and I Buy Near-Money options far out and Sell OTM options for the coming week . . collecting premium on the expiring near options .. week after week. I close out the entire position when the trend changes . . otherwise I roll the order further out when the far month comes.
To fill my watchlist with appropriate stocks, I use the Blashing.com
stock picks given to members each weekend.
I'll try to check back here to your good board at least once per week.
Good Luck All !!!