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Well why do most options lose value right after earnings first of all?

Any rec's on sole option screeners? I mean ones that have earnings as an option.

Thanks everyone for the links and info. Going to research this more.

First off just want to say hello and feel this is a very nice informative forum. I have been retail trading for years and like many lost alot at first but now I have become better over time. So now I recently began trading options and have found its pretty much the same but with higher risk...