AA (Closed at $16.38) announces earnings Monday (Market Expects .33) and as of Friday
A 16 AUG 11 straddle cost $ 1.49.
A 17C/16P AUG 11 strangle cost $1.01

This company will probably not move that much as last earnings was a gap of 1.2%, the strangle maybe the ticket. As we are looking for a 1.01 move to the either direction of this underlying stock. Will have to see....