Updated

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 DLTR100/95strangle12/18 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
tradingview.com/u/growerik/

TradingView links:
tradingview.com/black-friday/
tradingview.com/gopro/?share_your_love=growerik

Note

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.

Options360

Trading indicators:
tradingview.com/u/Options360/

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Options360

Trading indicators:
tradingview.com/u/Options360/