Earnings 4/30 AC.
I entered a couple of 2 week calendars today. Long May monthly, short May wk1. 98P @ $0.38, 98.5P @ $0.35.
Based on my notes from a handful of other cycles, as well as notes from another member (almost certain it was Yowster, but I can't find the thread) these calendars fluctuated wildly in a range of 0.69% – 1.43% of the stock price on a per spread basis, with prices generally highest 2 days before ER. At the current price of $99, that implies a range of $0.68–$1.42 per spread.