Earnings season for Q2 is entering its final stretch, and I’ve been looking for overnight plays in The War Room.

One of those plays was Hewett Packard Company (HPQ), a company due to report yesterday morning.

Here’s how the overnight trading strategy works…

The day before a company reports earnings, I place a call and a put trade on the company that’s due to report.

In the case of HPQ, I knew they had earnings coming up – so I got in a day before.

How Overnight Trading Could Profit

By buying a call and a put, I can hedge and make a profit if the stock goes up or down ahead of earnings. I simply take the loss on one side, and the other side more than makes up for it due to the big move in one direction.

That’s exactly what happened with HPQ.

As you’ll see in the chart below, HPQ made a big down move the morning of earnings.

This is exactly the kind of move we want in an overnight trade.

And because I bought puts, I was able to close the call for a total loss – BUT STILL come out with a +56% overnight winner thanks to the enormous gain on the put side.

Not a bad way to start the morning right?

Here’s what some of The War Room members had to say about the trade…

Action Plan: Overnight trades are a simple strategy that beginner traders can execute to potentially double their money in less than 24 hours. I’ve used them time and time again in The War Room, and they’re one of my go-to strategies for earnings.

We’ve been on fire this year, closing 140 winners as we enter the halfway point of 2025.

Click here to see how members make one simple trade and double their money overnight.