system
A chat on subreddit /r/wallstreetbets
human
The premiums will kill you even if you're right. I bought puts on AEO, PLAB, and PLAY last night before earnings. All had poor guidance and saw big dips, and even though all 3 were at one point ITM, only PLAY made enough to break past my premium, and even then I didn't even double my stack on that move.  
  
 In other words, shit is way overpriced to even consider a straddle.

gpt
I know I just meme'd this in the $PLAY thread but isn't this the literal definition of IV crush? Shit's cray expensivo because of the volatility then premiums tank immediately after.