ZM Trade on Dec 23, 2020 10:14 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: Daily
• Earnings Date: 3/1
• Potential Profit: $171
• Potential Loss: $3332

Reason For Entry:

• Playing the Daily chart, Put Credit Spread. We took advantage of the pullback and entered the PCS with a profit level at $365. The profit level is in line with the lower Bollinger Band and solid support area. We are betting that price action will maintain above our profit level by expiration tomorrow.

Reason For Exit:

• Price action pulled back a bit more following our entry but continued to maintain above our profit level at expiration. The PCS expired worthless and we collected 100% of the premium.

Recap:

• This was a 1 day hold Put Credit Spread play. We took advantage of the pullback on the daily and entered the trade with a profit level at $365. The profit level was in line with the lower Bollinger Band and solid support area. We were betting that price action would maintain above our profit level by expiration the next day following our entry. Price action pulled back some more following our entry but continued to maintain above our profit level at expiration. The PCS expired worthless and we collected 100% of the premium. Nice trade overall.