Managing Butterfly Spreads & Taking Profits: DKNG

Hey traders!

I’ve been busy making videos after taking your requests! I’ve created a full series on how I manage spreads and butterflies, which you can find on my Youtube channel.

The latest video in the series is an overview of a bullish fly I placed in the Simpler Central room, along with a new trade I added today.

Click the link to learn more below!

If you want more videos like this, make sure you hit the like and subscribe buttons. I love all of the feedback I’m getting from this series, and I am so grateful for so many of you who requested it! I love to focus on what traders find the most helpful.

Up Next...

Welcome to September

September is here, and its entrance is dashing hopes that September seasonality came early. As of this writing, the Nasdaq futures are down 2.25%, and the S&P is down 1.37%. What’s interesting about the summer pullback is that semiconductor and technology stocks led it lower. This is critical to mention because these are typically the … Read more

Trading Earnings Induced Short Squeezes Using Butterflies

Trade Review I love using butterflies for low-cost earnings trades! This low-risk trade cost me $155, and I traded this ticker directly to my target overnight, making a triple on my debit. This earnings trade in CHWY had the following: Pre-earnings short squeeze candidate A ticker with an earnings turn around story Extremely low risk … Read more

Trading Earnings Induced Short Squeezes

Earnings reports can provide trading opportunities, particularly when stocks with high short interest, such as Gap (GAP) and Peloton (PTON). I joined Dominic Chu to discuss my short squeeze trade in PTON, a potential reversal in Paypal (PYPL), a pre + post-earnings trade in GAP, and my pessimistic take on NKE.