AMBA             announces earnings tomorrow after market close, so look to put on a setup before NY close to take advantage of post-earnings volatility contraction.

Goin' with the standard 1 SD             short strangle:

Dec 11 50/71 short strangle
POP%: 76%
Max Profit: $160/contract
BPE: ~$606/contract
BE's: 48.40/72.60

I'll be adjusting my strike prices depending on how much pre-announcement movement in price we get ... .
Aaanddd ... out for 50% max profit.
Filled at 1.53.
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