I'm learning the mechanics of the long straddle and I'm setting up a paper trade on ticker CPNG to try take advantage of volatility around earnings on 25 Feb.
I understand the basics of the strategy but my question is behind the time horizons i should setup the trade under. I was thinking 5DTE vs 33DTE due to:
1) event I want to exploit is imminent
2) lower premium.
Happy to hear your thoughts!