I speculate that XYZ stock will go up the day earnings are announced, and also that the option IV will decline on the day of that announcement. I was thinking OTM Bull Put Spread. What other methods would you guys suggest in this scenario keeping in mind that the trade will be initiated on the same day of the announcement before the IV gets crushed? I have theoretical knowledge of options but have not executed many trades in my lifetime. I usually trade the underlying securites and have now considered adding some premium selling strategies to the mix.