The trade is to sell the at the money April 7.5 straddle.
In this trade you are selling both the at the money call and put.
You can sell this right now for about 1.30 and that is the max gain if AA closes April exp. at 7.50.
This is an unlimited risk trade but I do not plan on holding past the earnings announcement.
The goal is to take out some of the premium from the trade when implied volatility collapses.