Twitter (TWTR) Earnings Play

TWTR earnings are today after the bell. If you look at the chart below TWTR is right at resistance. Also the market is tired and needs a break. It can have a liquidation break which makes the overall sentiment bearish. For the earnings I got December 31 puts for $2.77 and as an insurance December 38 calls for 68 cents. The market maker move for TWTR is +-$5 but I expect a bigger move on the downside. If it misses the ER I am expecting the stock to see 21 which will give us a profit of $1276 per put and if it beats and sees 38 it will give us a profit of $175. Either way we will make money on this trade provided it has a bigger than expected move.