SHOP Trade on Nov 23, 2020 12:33 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• Earnings Date: 1/28
• Potential Profit: $105
• Potential Loss: $2395

Reason For Entry:

• Playing the Daily chart, Put Credit Spread. This is a signal from @OmegaOptionsTrading. SHOP recently recovered after pulling back from recent highs. Key support area is $905 as you can see on the chart. We opened a PCS at the $977 level with a profit level above $905. Nice risk to reward.

Reason For Exit:

• Price action increased following our entry and the PCS expired worthless on Friday as we collected 100% of the premium.

Recap:

• This was a signal from @OmegaOptionsTrading. The setup was correct as SHOP recently recovered after pulling back from recent highs. Key support area is $905 as you can see on the chart. We opened a PCS at the $977 level with a profit level above $905. Nice risk to reward. Following our entry price action increased and the PCS expired worthless by EOD Friday. We collected 100% of the premium. Nice high probable trade overall.