Below is a daily chart of NVIDIA Corporation (NVDA).
Trade: Consider shorting Jan (1/5) $190/180 Bull Put Credit Spread (10 DTE) around current mid-point of $.63/share.
Technical Setup: Breakout daily, Master Trader Buy Setup and Bottoming Tail on r20-MA weekly.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $191.18.
All the best,
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Chief Options Strategist
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NOTE: Master Trader will show opening and closing prices of all stock and option trades. We do not recommend proper share size for your particular trading style, risk tolerance, or account balance. We urge you to calculate your own share size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk.
NOTE: Master Trader and its representatives might have existing positions in these and other trade recommendations before or after suggested herein. Additionally, we often manage them differently for internal purposes based on different risk parameters than noted herein.