How to Trade Earnings Season

With earnings, it's basically a binary event. Like it's an overnight event and there's very little you can do. So with earnings statistically, you have the least amount of edge. They're essentially a pure theoretical play. But if you did something with, let's say, 40 days to go with a 72% probability profit, it'd be closer to 80. If you go out to a longer duration, you have a lot more potential edge because there's a lot of things you can do."