NVDA Trade on Nov 18, 2020 10:49 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• Earnings Date: 11/18

Reason For Entry:

• Playing the Daily chart, Put Credit Spread. This was a signal from OmegaOptionsTrading. As earnings are in a couple of days we are taking advantage of the higher premiums. The profit level is about 11% below current price action. Betting that price action will stay above the profit level (green horizontal line) by expiration on Friday.

Reason For Exit:

• Earnings were released and price action stayed relatively flat and well above our profit level. The PCS expired worthless at the close of Friday and we collected 100% of the premium.

Recap:

• This was a signal from OmegaOptionsTrading. As earnings are in a couple of days we are taking advantage of the higher premiums. The profit level is about 11% below current price action. Earnings were released and price action stayed relatively flat and well above our profit level. The PCS expired worthless at the close of Friday and we collected 100% of the premium.