Iv heard reference on TOS webcasts about the ability to figure projected $ moves of underlying @ earnings using the difference of front month and back month straddles or strangles...
You still have to be careful of what happened with Google's recent earnings announcement. Most of the time, you should make money short-selling the straddle/strangle. From time to time, you'll get hammered badly. Eat like a bird, poop like an elephant.
