Looking for opinions as to whether these are sound trades, and which is the better in your opinion. Figure i'll post this b4 DE moves tomorrow, to avoid the skew of 20/20 hindsight! I've been researching calendars and, like with most strategies, my head spins like Linda Blair's, and i really only learn when i have real money at stake. so... DE reports earnings tomorrow. aug IV was pumped up to ~58, with sept. around 37. couldn't decide how to do it, stock was all over the place, so i did 2 varieties in different accounts. both are Debit non-directional: 1. 70's STO aug 70 calls, BTO sept 70 calls STO aug 70 puts, BTO sept 70 puts: Total Debit of 2.55 2. Strangle-ish STO aug 70 calls, BTO sept 70 calls STO aug 65 puts. BTO sept 65 puts TOtal Debit: 2.40 exit strategy ( the word 'strategy' gives me too much credit!): obviously dictated by how much it moves. i took the positions because it seems a lot of ways to potentially win with all the theta that i'll get to pocket from the jacked up aug IV's. i tend to do OTM CDT strangles (trying something new), so, rightly or wrongly, my bias is towards the strangle-ish version. ok, don't hold back, let me have it!