Earnings season provides a distinct opportunity for traders, particularly options traders that can take advantage of the unique facets of options throughout earnings season.

During this pre-earnings boot camp, Danielle explains why earnings are critical for traders to understand, key patterns and stats traders should look for, and the best trading opportunities available throughout earnings season.

For more analysis, check out: https://www.fivestartrader.com/options-trading-opportunities-throughout-earnings-season/

To learn more about Danielle's stats tool, click here: https://bit.ly/Hot-Zone, and follow Danielle on Twitter for key earnings season setups, analysis, and more! https://twitter.com/traderDanielle

I don't hedge often, but when I do, the charts look like they do now. Here is a low-cost, high-reward method of hedging using the SPY and a bearish butterfly.

In the options market, I love trading using directional butterflies.

I use this strategy because it has an excellent risk to reward, it's a great way to be directional, and the percentage gains are typically more than what you'd see with calls or spreads.

During this session, I break down what a butterfly is, the key factors you need to set one up and discuss several examples.

Successful traders are taught. Watch this video to discover Danielle Shay's must-read trading books.

0:00 Introduction

0:20 Fibonacci Trading By Carolyn Boroden

1:25 Mastering The Trade By John Carter

2:18 Follow The Smart Money By John & Pete Najarian

3:20 Trading In The Zone By Mark Douglas

3:49 Business Leaders & Success By William O'Neil

4:40 177 Mental Toughness Secrets of the World Class By Steve Siebold