### Comment:
Not sure what a strangle is, but if the Iv is high it will eat away at earnings? from what I gather, it’s high even few weeks out options. Slowly learning and trading

### REPLY:
A strangle is selling a far out of the money call and put. When IV is high you can collect a lot of premium, and hopefully keep most of it after earnings when IV crashes. 
  
 The risk of course is if the stock moves bigly, as was the case with FB.

### END.