Facebook reported earnings after Wednesday's close... And absolutely murdered all expectations!
The company beat earnings per share by about 40% and revenue expectations by $2.5 billion for the quarter.
Facebook Inc. (Nasdaq: FB) revenue was through the roof during the pandemic — growing 94% year over year to $26.2 billion — a monster earnings result every way you look at it.
The news caused the stock to pop over 8% premarket.
That's a pretty amazing overnight gain for a stock. But with just a little more work, traders could have turned that 8% pop into a 400% windfall — overnight.
I know because that's exactly what I did while limiting my downside risk at the same time.
So what did I do? How did I only risk $50 to make $250 in a few hours?
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