I tried my first 'earning' spread with AMGN, having earning comming out after market close today. First leg, bot Aug P 70 @ 2.25 this morning when AMGN was trading arount 69.90 Second leg, bot Aug C 70 @ 1.90 recently when AMGN was arount 60.49 According to my calculation (Hoadley spreadsheet), AMGN has to move up or down by around 3.5% (if volatility remains same)for me to make a profit. Only one contract bot for each leg. Any comments ? Cheers !!