@Yowster Everything makes sense except this line. I get buying below the average RV (improved probabilities) and the lower the initial IV the better (less capital usage).
If I have a large RV move on earnings day, is this saying that I may have had a large RV "prior" to earnings day which may have historically been attributed to a large increase in straddle price (be it from IV move and/or stock move)?
RV = straddle / stock price