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 ... .