Using Options for Short-term Trading

As I mentioned in my other post, since I am an options trader, I prefer taking profit earlier and often, and time is one of the most important factors in my trades. Trading options is the best way for short-term results. With options, I can use different strategies rather than only buy or sell. With options, I can leverage my capital and at the same time, control my risks if I want to.  

To illustrate my points, I am using my recent   $Chewy(CHWY.US)$ earning trade as an example. Chewy would report its quarterly earning after the market closing yesterday. So yesterday morning, I initiated a Dec 10 55-50-45 put butterfly that costed 65c per contract, when the stock price was above 58 dollar. With one day to go until expiration, I expected that Chewy would go down towards $50. If I were wrong, my maximum loss would be 65c per contract. In order for me to reduce the cost, I also sold the Dec 17 70 Call for $1.1 credit, since I did not believe it would jump above $71 in a week, given the re-opening environment, and this was WHY I started this trade, and did not based on any technical indicators. Yes, I was shorting Chewy for one day based on its earning event! But I prefer this method rather than shorting it with stock shares, because I can accomplish the same results with very limited capital and defined risks for bigger return. The result was that $Chewy(CHWY.US)$ went down to 51 and I closed the trade with a great return. Obviously, trading on earning events is one of my favorites, but it is not the only way. I would like to listen to your feedback and comments.