ER (earnings) play – something ‘easy’ that would have long term positive Expected Yesness? …

So, a fascinating thing about long gamma scalping – under Portfolio Margin, it consumes virtually zero Buying Power

You only have one long option losing theta.

What if, sort of mechanically, 3 wks. before an earnings release of any semi-large ticker, we started a long gamma scalp play

The buying|selling of shares offsets the theta burn (yes, commissions add up). But if ER hits, and something DRAMATICALLY BIG happens … you make bank on the direction-agnostic movement.

And if IV also rises , that helps too. All this with no margin consumption.

Maybe impractical for retail mortals ?…