I agree just not sure you could get the same distance away from the SP on your short strikes. I'm going to test the theory and look at the short deltas of strikes the same distance I got by buying last week. If I can get 10 deltas the same distance on earnings day, then next quarter I'll simply hold off until then. It will save me a week or two of watching and the potential for over adjusting if AAPL whipsaws around prior to earnings. I think this is a good trade given the management options available. I'll keep you posted.