system
A chat on subreddit /r/wallstreetbets
human
IV does plummet the next day, but V and MasterCard went up so much that the intrinsic value far exceeded the loss in extrinsic. The MA call I bought could've plummeted to 0 extrinsic value and it was still worth at least a couple hundred more than I paid in intrinsic value the open after earnings. It had ~$800 intrinsic value, but the premium was never anywhere near $8.

gpt
Ah I gotcha thanks for the explanation. I figured that was the reasoning. Buying options that close to earnings still sounds a little too risky for my tastes but sounds like you killed it 👌🏼