AAPL earnings on 10/19 amc. Oct series expires on 10/16. Interesting set up for an earnings IV expansion trade with long Nov. strikes hedged with short Oct. strikes. Looking at dbl ratioed calendars at either the 200/170, 195/175, or 190/180 strikes. Projecting IV expansion on the Nov. options to 44% (avg of put & call strikes). Select the ratios based upon your comfort style. Several things working in your favor here. IV expansion on the Novembers. Theta decay on the Octobers. Reasonably good execution available with the penny quotes and small b/a. Biggest risk is earnings pre-announcement that collapses IV. With two weeks before earnings, AAPL is in their quiet period and their usually tight lipped. Idea is to close position out on or before 10/16. However, if feeling frisky, you can morph the trade into an iron condor, dbl ratioed vertical or double christmas tree and ride it on thru earnings.