Dollar Tree earnings tomorrow morning, 12/18 strangle idea

This is my first time trading DLTR, but my kids and I always get a kick out of going there like once a month to get random things for a buck a piece. It looks like historically there's a high chance of a lot of movement after the earnings call. So I just executed a DLTR$100/95strangle12/18 for $6.45 ($645) per contract. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com/u/growerik/

TradingView links:
www.tradingview.com/black-friday/
www.tradingview.com/gopro/?share_your...

Comentário:

Dollar Tree (DLTR) reported 3rd Quarter October 2020 earnings of $1.39 per share on revenue of $6.2 billion. The consensus earnings estimate was $1.15 per share on revenue of $6.1 billion. Revenue grew 7.5% on a year-over-year basis. So incase you're wondering, that = 6,200,000,000 things sold in Q3 and I'm responsible for 100. Lol

Trade fechado manualmente:

liquidated for 100% profit, I'll revisit during a regular market hours day.