With netflix at $155, i did the following positions at $500 per 10x contract. 20x oct 22 135/140/145P fly 10x oct 22 160/165/170C fly if the expectation is a big move after earning i think this is better than a straddle since i wont have to deal with the IV drop after earning, and the loss is limited compared to straddle's premium. The downside is you have to pretty damn precise with the strike picking vs the straddle. What do you guys think? how would you play the netflix earning if expecting a move after announcement.