About this template
As I keep researching different strategies to try and build out, one that caught my eye was the IV Crush surrounding earnings. My understanding is Implied Volatility rises predictably in anticipation of earnings, raising the prices of options overall. Immediately following earnings, the Implied Volatility drops, a profitable situation for options sellers who entered a day or two before earnings.
In Kirk's 3 Earnings Option Strategies video from 2015 I saw that he used the .20 Delta as a short strike on his Iron Condor example. Given the Iron Condor was the only risk-defined strategy from that video, along with my preference towards the return on capital being higher, that seemed like a good starting point. Now I'd like to try and finesse the entry and exit timings in order to nail the crush. Any feedback would be appreciated.