ROKU Trade on Feb 18, 2021 11:15 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

Daily Chart: Uptrend, Consolidation below ATH.
TTM Squeeze: Daily
Earnings Date: 2/19/21
IV: 110%
Potential Profit: $112
Potential Loss: $2888

Reason For Entry:

Playing the Daily chart, Put Credit Spread. This was a signal from @tradelikeomega in our discord @rocketspreads. The signal: Entered ROKU 2/19 pcs (sell 370p/buy 365p) 0.23 credit. With most movies forgoing theaters and going straight to streaming and a lot of people embracing wfh and with a lot of different streaming options coming out, ROKU is at the forefront of bringing customers all of those things. We are expecting growth from ROKU and an earnings beat. IV greater than 110%.

Reason For Exit:

• ROKU released good earnings and price action held above our profit levels and we collected 100% of the premium

Recap:

• This was a signal from @tradelikeomega in our discord @rocketspreads. The signal: Entered ROKU 2/19 pcs (sell 370p/buy 365p) 0.23 credit. With most movies forgoing theaters and going straight to streaming and a lot of people embracing wfh and with a lot of different streaming options coming out, ROKU is at the forefront of bringing customers all of those things. We are expecting growth from ROKU and an earnings beat. IV greater than 110%. We were betting that price action would hold above the $370 level post earnings. Note that the profit level is well below price action so we are taking into consideration a gap down or gap up after earnings are released. This is a high probable play. ROKU released good earnings and price action held above our profit levels and we collected 100% of the premium. Nice win for a 1 day hold.