$ORCL STRANGLE 261204 CALL 138.0/PUT 100.0$ ORCL: short strangle at $138/100 which is at around 10-15 delta regions. 

Price is beyond 1 sigma movement and expire on 4th Dec which is before earnings on 14th Dec. 

Look to exit before that to avoid binary outcomes. 
ORCL Strangle
11-11 00:50
US138.0/100.0
SidePrice | FilledRealized P&L
Credit
Open
-3.13
1
--
Holding
ORCL STRANGLE 261204 CALL 138.0/PUT 100.0
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  • nuzzle
    ·00:32
    Dec 4 expiry helps, but the cleaner exit is probably when pre-earnings IV starts lifting instead of waiting for the last week. That decay window closes fast
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  • Zasper
    ·08:56
    sure
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