IV when entering new positions around earnings

[JeffCarterLogistics]

A general question for the community.  SO often times enters 1 day straddles and strangles 1 day prior to earnings.  Would it be correct that entering these new positions on days like today when the "general market" IV is elevated is a bad idea and it's better to enter these new positions on days when IV is steady or even lower?  I assume the IV of most individual stocks would be up when the general market has elevated IV and exiting on days of elevated IV is best.  Thoughts? 

[Kim]

Generally speaking - yes. But it has to be done on case by case basis. Specific straddle RV is more important than general market IV, and in some cases RV might be still reasonable even on a big down day. 

[JeffCarterLogistics]

thanks @Kim