Why Take Profits on MES Strangle Now?

In today’s From Theory to Practice, Dr. Jim starts with his AMD earnings trade. While it didn’t look promising on the initial move overnight, the stock has now rallied back so much that the earnings trades are profitable! Then, he looks to close /MES for a nice winner, and also scratch his PANW trade. Lastly, Dr. Jim looks to add a QCOM earnings trade for tonight after the bell.