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NVIDIA Corporation (NVDA), $100.49
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Trade: Under $99.68, we recommend selling 10 Apr 120/130 bear call spread (56 DTE) at mid-point (closed at $.55). A more aggressive trade would be selling 10 Apr 115/130 bear call spread for a bigger credit (closed at $1.17). Additionally, because of the bearish chart alignment, we will look to buy puts on a bounce for a Directional Bearish Trade.
Strategy: Continuation of Bearish Gap Down with multiple time frames in alignment, Double Top weekly and Climactic Sell Setup/Topping Tail monthly chart.
Max Gain: Premium received.
ROI: Premium received/($10.00 spread less premium).
Max Loss: $10.00/share spread width less premium.
Stop Loss: Over $120 for now.
source: mastertrader
[You must be registered and logged in to see this image.]
Trade: Under $99.68, we recommend selling 10 Apr 120/130 bear call spread (56 DTE) at mid-point (closed at $.55). A more aggressive trade would be selling 10 Apr 115/130 bear call spread for a bigger credit (closed at $1.17). Additionally, because of the bearish chart alignment, we will look to buy puts on a bounce for a Directional Bearish Trade.
Strategy: Continuation of Bearish Gap Down with multiple time frames in alignment, Double Top weekly and Climactic Sell Setup/Topping Tail monthly chart.
Max Gain: Premium received.
ROI: Premium received/($10.00 spread less premium).
Max Loss: $10.00/share spread width less premium.
Stop Loss: Over $120 for now.
source: mastertrader
