system
A chat on subreddit /r/wallstreetbets
human
wouldn't a reduction in IV help with the premium you receive? as long as you sell before the crush?

gpt
I was referring to the long call portion of the trade! Of course IV crush helps the covered call, which is the most exciting part of selling calls that expire after earnings! Even if the company beats, the IV crush may leave you in a profitable position if you wish to get out based on the earnings.