By choosing a put spread instead of a directional (non-spread) straight call/put, I have reduced two things; my exposure and my financial outlay. Less Risk and still great reward, you also neutralize I.V (volatility) by doing this as well.

Option spreads involve the simultaneous buying and selling of an option contract at two different strike prices, with the same expiry dates. If you buy an option closer to the stock’s current market price and sell another one further away from it, you have invested in a debit spread. It is a net debit because the closer the option strike price is to the underlying’s current market price, the more expensive it is. The one further away is cheaper, hence a net debit.

You want to decide where the stock might be at OPX, then you pick the higher strike for a put spread and sell to open a lower one to finance the spread.  A spread is simply put the difference between the two strikes.  The strike  minus the debit is your Return on Investment.  the max ROI will be at or very close to OPX Friday