ZM Trade on Nov 30, 2020 11:10 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: N/A
• Earnings Date: 11/30

Reason For Entry:

• Playing the Daily chart, Put Credit Spread. This was a signal by @OmegaOptionsTrading as we were playing earnings. Entered the PCS the day before the earnings release and the profit level was at a firm support level well below price action. Betting that price action stays above the $$365 level by expiration on Friday.

Reason For Exit:

• Earnings were released but price action stayed above our profit level and we collected the premium received.

Recap:

• This was a Put Credit Spread earnings play signaled from @OmegaOptionsTrading. We entered the Put Credit Spread the day before earnings were released. The profit level was at a firm support level well below price action. Price action gapped down BIG after earnings but still maintained above our profit level. We collected the premium received and profited nicely on this trade. This is another example proving that you can profit with Put Credit Spreads even if price action drops after your entry. Nice trade overall.