GS EARNINGS PLAYGS announces earnings on Wednesday before open, so look to put on this play before Tuesday market close.
Here are the plays:
Jan 29 142/170 short strangle
Probability of Profit %: 76%
Max Profit: $180/contract
Buying Power Effect: ~$1749
Break Evens: 140.20/171.80
Jan 29 138/143/167.5/172.5 iron condor
Probability of Profit %: 69%
Max Profit: $136/contract
Buying Power Effect: ~$364
Break Evens: $141.64/$168.86
Notes: As with all these earnings plays, look to cover at 50% max profit for the setup and redeploy the buying power elsewhere.