Here is the details of my trading on earnings on$Snowflake(SNOW)$  

Before earnings I did some research. By all analysts the results were expected to be good for revenue and profits with a growth in EPS. So I knew I could buy into the stock if in worst case it fell.

I then had to choose strategies. A naked put Or a cash secured put would have been a winner if the price went straight up. But such conviction borders on foolishness. Also to collect premiums the strike would have to be near the present price which was already elevated. I was not comfortable with this as even buying using a CS Put may result in a high cost price.

I then shortlisted on two strategies, a bull put spread or an iron condor. Since I had a high conviction of the stock going up, and did not want to cap profits too much, I decided on a very spread . I sold a put at 172.5 for earnings and bought a put at 167.5 as protection. at the time of entering the trade$Snowflake(SNOW)$  was trading at around 186 USD.

The earnings spoke for themselves. After earnings the stock zoomed by more than 20 points, and the vertical gave 100%  in profit with minimal margin use. I regret having bought only 4 lots but that's in hindsight

One thing I wish to point out is that I used Tiger AI to research and tell me expected moves on earnings, analyst impressions and do other research. The actual movement however was beyond my expectations .

Hope this is an interesting strategy discussion.! Have fun investing and trading!