Earnings are binary. The stock moves big in one direction and if you are not defined risk you can get hurt badly. Jim Schultz's answer is the expected move butterfly, a directional shot that costs as little as 90 cents and caps your loss at exactly what you paid. The setup is simple: pin your short strike right at the expected move level, choose your width based on position sizing, and set it up on Thursday going into Friday for maximum theta extraction. Jim walks through both the upside and downside version live on Google showing how a wider butterfly costs more but gives you more room to profit and more economic significance on the trade. Save this one for July earnings season. It is going to be useful. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 0:00 Why earnings need a differ...