August 31, 2026

Mike Shorr’s Big 3: CDNS, NET, and WMT

Mike Shorr joined Schwab Network’s Trading 360 for another Big 3, breaking down broken wing butterflies on Cadence Design Systems (CDNS) and Cloudflare (NET), plus a call calendar on Walmart (WMT) after its earnings reaction.

Mike covers:

  • The breakout level he’s waiting on before trading CDNS
  • His broken wing butterfly strikes on CDNS and NET
  • Why he thinks WMT’s earnings reaction was overdone
  • The calendar spread strikes and reward-to-risk ratio he’s targeting on WMT

Want to work with Mike? Get qualified in less than 2 minutes

about the author:

Mike Shorr

Since 1994, Michael has been an on-the-floor market maker, Vice-President of Interest Rate Derivatives for Knight Financial Products and Director of Education and Options Instructor at Trading Advantage. He makes the oftentimes complex world of options and trading accessible to the novice and advanced trader alike. Michael has a Bachelor of Science degree in Statistics and Finance from the University of Illinois Champaign-Urbana. He presently is Director, Trader Education at ProsperTradingAcademy.

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