So I've had horrible luck trying to capitalize on earnings bumps and defeating IV crush.. so I want to try capitalizing on IV rush. I would appreciate some comments on my proposed setup. I keep getting emails to sign up for a service that runs this type of plan, but I really don't like paying someone else for a "service" I feel like they are just making money on subs rather than the market and their scheme.

Here is my proposed trade: Buy 3/15 MRVL 80 call $1.50/contract currently. Earnings is on 3/7. Hold and sell on 3/6 when hopefully the IV has substantially increased. Ie out before earnings. Does this sound feasible for capturing a price gain on increased IV rush before earnings? Chip stocks have been doing pretty well this earnings season. If MRVL is not a good candidate in your opinion, lmk as well. I appreciate all constructive comments. We are all here to make each other better!

Thanks for your comments. Where would you put exit limits if things don't go right? This is my biggest issue so far, risk management. Hence the question to some seasoned options traders. Is there another subreddit that focuses on this strategy? Thanks!

Happy trading 🥂