NEW TRADE IDEA:
New Master Trader Bull Put Credit Spread Idea on NVDA based on price action below.
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Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.
9/28: NVDA – Consider shorting Oct (10/5) $260/250 bull put credit spread (7 DTE) around current mid-point of $.48/share. Bullish Gap Breakout from consolidation after Breakdown Failure at r50-MA on the daily, bullish engulfing weekly, bullish monthly. Stop Loss: $261.48.
