An associate of mine went long with ITM Calls (150 contracts – it showed up as a sweep) for TWLO an hour before the market closed at $15.53, right before earnings.  AH TWLO beat earnings and the stock soared.  Because he has a desk with GS, he was able to sell those options for $23.74 about 10 minutes after TWLO reported, while the market was closed.  If he had to wait until the next morning like everyone else, those options would have been worth around $12 on open, giving him a loss.   Money makes money.  The rules are different.   So if you can take advantage of anything out there, do it, and that includes getting Trader status on your taxes.
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