I'll look to put on a directionally neutral iron condor or short strangle some time during tomorrow's New session, with an end-of-the-week ( Oct 23rd) expiry, which should offer sufficient time to scramble in the event that one of the sides is tested post-announcement.
A 140/143/157.5/160 Oct 23rd Iron Condor
POP %: 72%
Max Profit: .66/contract
Buying Power Effect: 4.68/contract
Break Evens: 142.34/158.16
A 143/157 Oct 23rd Short Strangle
Max Profit: 1.37/contract
Buying Power Effect: Undefined
Break Evens: 141.63/158.87
Note: Look to take either off at 50% max profit for the entire setup.
YUM put side breached: rolled out to currently inverted iron condor; will look to improve strike prices in subsequent cycles with goal being to get out at scratch or small profit.
NFLX: covered for 50% max profit.