another small test of the "cat" (two OTM butterflies) as an earning play, with weeklies. on AMNZ, 200/205/210 and a 220/225/230. idea being to capture the implied market move, whichever way, as it comes back in the next day, and one of the flies should now be ITM or near. worked with aapl yesterday/today, figured why not try it again. general goal is to scale out the next day to nab a few free ITM flies, going into opex after the earning move/crush. though, if it had been purely direction play, that 580/585/590 AAPL weekly fly would have been a fair move, saw the mid on them go over $1 today, traded around .20-.50 before earnings.