How to trade oracle ahead of it's earning ?

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A number of  equities analysts have  weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $51.00 target price on shares of Oracle Corp. in a research report on Friday, July 15th. Macquarie reiterated an “outperform” rating on shares of Oracle Corp. in a report on Tuesday, July 19th. Atlantic Securities cut Oracle Corp. from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $44.00 in a report on Tuesday, July 19th. BTIG Research upped their price objective on Oracle Corp. from $44.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, July 14th. Finally, Vetr cut Oracle Corp. from a “buy” rating to a “hold” rating and set a $41.24 price objective on the stock. in a report on Monday, August 15th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.54.
Shares of Oracle Corp. (NYSE:ORCL) traded up 1.62% during trading on Monday, hitting $40.68. 14,822,219 shares of the company were exchanged. The stock has a market cap of $167.71 billion, a P/E ratio of 19.65 and a beta of 1.08. The company’s 50-day moving average price is $41.11 and its 200 day moving average price is $40.18. Oracle Corp. has a 12 month low of $33.13 and a 12 month high of $42.00
Oracle is releasing its earning on Thursday September 15th at 5 .PM EDT , our favorite strategy of trading it ahead of it's earning is buying the straddle on the money options calls and puts and selling out of the money calls and puts for the same expiration date. 
Our recommended trade will be:
-Buy oct/21 call 41 strike price for 95$-sell oct/21 43 strike price for 25$.  Cost of that spread is 70$.
- buy oct/21 put 40 strike price for 91$- sell oct /21 38 strike price for 38 . Cost of that spread is 53$.
As we see above if the the price of the stock move up or down 2$ only from its recent closing price  any day through  October 21 the trade will be making about 50% profit . For example if the stock price goes to 43$ a share our profit will be :
200-95(call premium) +25 (call premium selling) - 53 ( put spread cost)=77$.
  Happy trading

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