At the time of this post EXXI was trading $23.34, up 2.2%, with IV30 down 5.9%.

At the time of this post HTZ was trading $10.37, up 3.5% with IV30 down 7.2%

The company traded over 111,000 options on total daily average option volume of just 22,416.

GOOG reports earnings tomorrow AMC, so let's take a look at this devilishly tantalizing trading opportunity – which can also rip your face off.

The company traded over 17,000 options on total daily average option volume of just 2,365. All but 1,540 contracts were calls.

The company traded over 10,000 options on total daily average option volume of just 1,168. The largest trade was 5,000 Jan'11 10 straddle sales (10,000 contracts).

The company traded over 12,000 options in the first three hours on total daily average option volume of just 1,964. The largest trade has been 5,000 Nov 14/15 strangle sales (10,000 contracts) @ $2.00.

The company traded over 9,700 options on total daily average option volume of just 1,248. All but 254 contracts have been calls yielding a 37:1 call:put ratio.

The company traded over 7,000 options on total daily average option volume of just 2,160. All but 247 contracts were puts yielding a 28:1 put:call ratio.

The company traded over 11,000 options on total daily average option volume of just 4,259. All but 251 contracts were calls yielding a 46:1 call:put ratio.

Using custom scans to find spread possibilities

The company has traded over 20,000 options in the first two hours on total daily average option volume of just 6,089