I've said many times, don't gamble on big company earnings reports, especially with options. The logic is simple:

1. Institutional consensus is the real consensus. Even if performance far exceeds expectations, any slight dissatisfaction can still cause a drop. AVGO is a perfect example - once it dropped, people started discussing whether ASIC mining machines are a bad business that can't match the profitability of general-purpose chips like NVDA.

2. Future performance guidance can easily be manipulated by the company's CEO to control expectations

3. The IV of options is usually already priced in advance. If you want to gamble, you need to buy at least 1 week in advance, which means paying more time value - this is wasteful in itself. To get cheaper options you'd have to buy far out-of-the-money strikes.

The correct way to use options is still for bottom-fishing or shorting, using reverse logic for left-side trades. This way the ROI is sufficiently high, but you must accept losing 8 out of 10 times, with the same position each time, and the remaining time making back the capital from those 10 trades, with the last time making multiples of that money.

A pot of beans poured directly on the coordinate axis.