I'm kind of a newbie to options, and with Bidu's ER 2 days before option expiration, I think there might be some good profit to be had with playing options. As I see that Bidu has a high premium on options due to high IV, I shorted 1 contract of both a call and a put option at the $240 strike price on different days (1 day apart). I was aiming to earn on the premium. Time decays rapidly during the next week but I am not sure if IV will increase a lot before ER since Bidu already has such a high IV. I am currently up a lot on the short call leg and down some on the short put leg. I'm up on the combo. I expect vol collapse after the ER but am afraid that increase in IV prior to ER will eat away any gains in time decay, and huge movement in BIDU could eat away gains post ER. So experts, what do you guys suggest? Is it better for me to cover now with a profit, or cover on Monday, or cover after ER? TIA.