ROKU Trade on Nov 3, 2020 14:37 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Earnings Date: 11/5
• Potential Profit: $118
• Potential Loss: $1404

Reason For Entry:

• Playing the Daily chart, Put Credit Spread. This was a signal from @OmegaOptionsTrading. Price action reached the lower BB and we opened a Put Credit Spread a few days before earnings date. Nice risk to reward as our profit level was well below price action at a key support area.

Reason For Exit:

• After earnings were released, price action continued higher and the Put Credit Spread expired worthless and collected 100% of the premium.

Recap:

• This was a signal from @OmegaOptionsTrading. The Put Credit Spread entry was at a key area (lower Bollinger Band) and entered a few days before earnings (to take advantage of higher premiums). After earnings were released, price action continued higher and the PCS expired worthless as we collected 100% of the premium. This was a high probable play by utilizing the Credit Spread strategy along with earnings.