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

Options trade using a butterfly! Check out the video to learn more about my pre-earnings butterfly in Chewy.

To check out the full series on YouTube, click here!

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