CCI was a little late getting this posted, so unfortunately the opportunity for readers to follow along with this trade has passed. However, hopefully it can still be informative.
This week CCI established an option position to somewhat hedge the portfolio's position in Google (goog) prior to the earning announcement this past Thursday. The rationale and specifics of the iron condor option position is described at a seeking alpha article here.
CCI felt that the bulls and bears in Google would find enough good and bad news respectively in Google's earnings announcement that the stock would trade between $590 and $660 after earnings. That is indeed what happened and this trade achieved max profit as the stock did not move significantly on earnings.