EA

ELECTRONIC ARTS INC (EA) reports earnings Tuesday after the close. Consensus EPS estimate is $1.66.

IV Rank is low at 14, suggesting options are relatively cheap heading into earnings. Premium buyers may find value, especially if you expect a move larger than what's implied.

With IV relatively low, a long straddle could work if you expect a larger-than-implied move. Enter 1-2 days before earnings to minimize time decay before the catalyst.

Enter 2-3 days before earnings to catch the pre-event IV expansion. If buying premium, consider taking profits at the open after earnings if the stock gaps in your favor — theta works against you fast post-event.