So Citigroup's earnings release is Friday, July 17 at 12.00pm eastern. Options expiration for July is at 4pm. As part of my recent foray into stock option exploration (read: speculation) I have bought some cheap $2 puts and $3 calls for that day. Not exactly a logn straddle but the underlining strategy is the same: I am betting on some volatility in Citigroup's stock price. What do you guys think?