FSLY ER/Run-up Play

FSLY LONG

Weekly ER/run up play. FSLY recently sold off to guidance loss. I think the sell off has reached an end and should reverse now. It closed right on support (red trend line) with a dragonfly doji on the daily. The ER is on 10/28 AH

Optimal Entry
As long as it opens above support it should be good for a reversal. Possible gap up PM. I'm not entering if it's higher than 79.5.
PT purple resistance
SL red support
Contracts
I'm expecting a beat for earning but since they have bad guidance forecast I will be making a straddle.
Buy the 10/30 80c, sell the 85c, and buy the 65p.
Net debit should be around 2-2.5 (break even would the be around 62.5-63 on the downside and 82-82.5 on the upside, so around 18% on the downside and 8% on the upside.
You can play the run up however you want.

Close the contracts before 10/28 closing if you don't want to lotto. The above contracts are for the ER gamble.