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In today's From Theory to Practice, Dr. Jim piggybacked off of American Eagle's stellar performance, up $3 (15%) following strong earnings, prompting him to close his vertical spread at $3.27 for a significant profit. He also exited a Macy's position at a modest loss rather than maintaining exposure with only two days remaining in the cycle. Dr. Jim also initiated new positions in Snowflake (SNOW) ahead of earnings with a bearish butterfly spread (260/240/220) for $4.19, and he added a Salesforce (CRM) long call spread (235/245) following viewer suggestion.
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