Earning play strategy

1. Pick a big and well known company so that options are liquid. Otherwise, you will get killed by the spread.
2. For CALL option, pick a good company: e.g. EPS+.
3. For PUT option, pick a bad company: e.g. Crazy PE. Lean towards PUT instead of CALL because most companies are bad.
4. Check if you are right, do you still make money after a spike/crash of 10%?
5. News sites:
   • Benzinga news
   • Hedgesocial news
6. Look at previous r/EarningsCalls.
7. Check Earnings / Financial news from stocktwits.com/wallstengine.
8. Check friends:
   • StonkScott
   • WOTEugene
   • Fausterion18
9. Is sector doing well/bad?
10. Is betting on IV running up before earning day a better deal?
11. Is premium better a week later, after earning day?