I think it is -- the earnings in a couple of days may well be the catalyst which either results in a panic sell or good beat. From my perspective, I will be adding to positions if we have a panic sell off after the ER, but will take initial position on Monday
@xdwingdx, Yes, In this case I will likely do something in the money, and longest maturity available (mainly because it's a long term setup and I want to use options in this case just for effective leverage effect)