The pandemic has had its share of winners and losers. It’s also introduced people to a whole new way of living… without leaving their homes.

Sure, e-commerce was popular before, but now everything is being bought online and getting delivered 24/7. Even Amazon is scheduling deliveries between 4 a.m. and 8 a.m.!

One of the biggest winners is Chewy (NYSE: CHWY), an online retailer specializing in pet food and other pet-related products. It has been tearing up the “all things pet” delivery space. Yes, you can buy pet food and cat litter online from Amazon and even pet toys from Target or Walmart, but can you do all of that with a company that truly cares?

That’s what Chewy is all about, developing relationships with its customers while also delivering great value. One customer reported that the company sent her flowers after learning of the death of her pet by seeing what she ordered… or stopped ordering. That viral post is the type of recognition Chewy is getting.

The company reported blowout earnings on Tuesday. But the shares didn’t rocket higher.

Why?

Well, the price has run up so much this year that the expectations are also higher.

However, that doesn’t mean we can’t make money trading Chewy.

The company plays right into one of my favorite trading strategies…

Put selling.

Put selling obligates you to buy shares of a company at the strike price you sell the puts at. For taking on that obligation, you get paid.

In the case of Chewy, it was trading over $70 when I issued two put sells in The War Room – one with a $45 strike before earnings and, the other, a $50 strike after earnings. On the first play, members took 26% profits in less than three trading days. On the second play, they took gains of up to 21% within an hour!

Tad 12/9/2020 at 10:39:39 a.m.
In at $1.60 out at $1.32 for a 21.2% profit, not bad 1/2 hr. Thx KR!

Glenn C. 12/9/2020 at 10:40:06 a.m.
In at $1.60 out at $1.31 for an 18% gain. Tx Karim.

Bob D. 12/9/2020 at 10:41:06 a.m.
CHWY put sell – in at $1.55, out at $1.33, kept 14% of credit. Nice quick profit (33 minutes!), thanks Karim!

Lester 12/9/2020 at 10:44:20 a.m.
In and out of Karim’s CHWY put sells – In at $1.55 – out at $1.3 – around 20% profit in 30 minutes!

Members had a perfect setup in both plays. They would either own the shares at a huge discount to the market price or get paid for trying. In this case, they got paid. In fact, since the inception of The War Room, members have yet to lose even once using this strategy.

It’s not your usual put selling strategy because I demand three things before selling a put…

1. I want to own the company at the price I dictate. In other words, we don’t trade garbage.
2. I want to own the shares at a discount to market of 20% to 50%.
3. The probability of being put the shares must be less than 25%.

Action Plan: I always want the odds to be in my favor.

If you want to do the same – beat Wall Street by putting the odds on your side – then sign up for The War Room now and join the profit parade in real time!