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       HOW TO TRADE HOME DEPOT  EARNING REPORT
Tomorrow August 16th Home Depot ( HD) reporting it's second quarter report at 9:30 AM . Our strategy to trade that announcement will buying the straddle Call And Put on the money around the strike price and selling both call and Put out of the money . In this case no matter the stock price goes up or down after the announcement the trade will be successful . HD is trading at 137.48 now , our trade will be [ Buy 138 call option August /19/16 for 186$ - Sell 141 call August 19/16 for 70$) the cost of that spread is 116$.  At the same time[Buy 137 august 19/16 for 185$- Sell 134 August19//16 for 81$] the cost of that spread is 104$ . The total cost for both spreads is 116+ 104 =220$ is your total investment . If the stock price goes up or down 3$. Only after the announcement your profit of the trade will be around 80$ And that's almost 40% profit . Happy trading.

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