Options360

Dollar Tree earnings tomorrow morning, 12/18 strangle idea

Options360 Updated   
NASDAQ:DLTR   Dollar Tree, Inc.
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*

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Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
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Comment:
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 closed manually:
liquidated for 100% profit, I'll revisit during a regular market hours day.

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