Watching BABA volatility post-earnings

I've been keeping an eye on $BABA after their recent earnings call. The stock has been bouncing around the 112-115 range today, currently sitting around 112.33. For anyone playing options, implied volatility has certainly been interesting, and I'm looking at potential straddle or strangle plays if we see it settle into a tighter range soon, or a clearer breakout/breakdown. The key risk for me right now is if it decisively breaks below 110 or above 118, which would probably invalidate a lot of the current vol expectations.