NVDA Trade on Jan 28, 2021 09:34 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation ATH.
• TTM Squeeze: Daily
• **Earnings Date: **
• IV: %
• **Potential Profit: **
• **Potential Loss: **

Reason For Entry:

• Playing the Daily chart, Put Credit Spread. NVDA is in a pattern of consolidation below its ATH. TTM is in a squeeze on the daily and has been since 12/4. We are betting that price action holds above our profit level ($490) or makes a move to new highs by expiration on 2/12.

Reason For Exit:

• Four trading days later price action made a move higher and we took advantage of the move and locked in the win for 64% of the premium received or (+$160).

Recap:

• The setup was correct as NVDA was in a pattern of consolidation below its ATH. TTM was in a squeeze on the daily and had been since 12/4. We were betting that price action held above our profit level ($490) or made a move to new highs by expiration on 2/12. Four trading days later price action made a move higher and we took advantage of the move and locked in the win for 64% of the premium received or (+$160). Nice trade overall.