OSTK Trade on Oct 6, 2020 10:43 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: Daily
• Earnings Date: 11/9
• Potential Profit: $136
• Potential Loss: $264

Reason For Entry:

• Playing the Daily chart, Put Credit Spread. OSTK is in a pattern of consolidation below recent highs. It is in a consistent uptrend and there is a TTM squeeze on the daily (gaining momentum). The PCS is set to expire next Friday and looking to hold this position until expiration.

Reason For Exit:

• Price action held above our profit target and the PCS expired worthless as I collected 100% of the premium.

Recap:

• The setup with this trade was correct, price action was in a pattern of consolidation below its ATH and TTM was in a squeeze (gaining momentum). The entry was correct, as price action pulled back to the buy zone (21 ema area). The PCS expired worthless and I collected 100% of the premium on the trade. Total profit was $136. Nice trade overall.