PYPL Trade on Nov 2, 2020 11:51 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Earnings Date: 11/3
• Potential Profit: $138

Reason For Entry:

• Playing the Daily chart, Put Credit Spread. This was a signal from @omegaoptionstrading . The entry was at the lower BB and the profit level was set well below at a key support area.

Reason For Exit:

• Price action held above our profit level and the Put Credit Spread expired worthless and we collected 100% of the premium.

Recap:

• This was a Put Credit Spread signal from @OmegaOptionsTrading. Played PYPL before earnings and took advantage of an increased IV% for this spread. The entry was at the lower BB and profit level well below price action at a key support area. We held the Put Credit Spread for 1 day as it expired worthless the next day and collected 100% of the premium. This was a nice high probable trade overall.