you may know that I had credit put spread from last week on $NVDA if you read my previous posts. I entered in the money credit put spread two weeks ago collecting maximum amount of premium . by this way , I will lose less money if the stock do not reach my target.
NVDA was oversold and she was consolidating around 99-102. I scaled in 108/109 credit put spread( not debit) two weeks ago plus adding more 140/103 put spread yesterday and I was rewarded today.
$CMG is another good example. she is consolidating between 350 -410 for months and she is in good shape after company board change.
I bought some credit put spread on $CMG. today, it went from in the money to out of money and I made money. I am not going to wait for earning report and all my positions will expire this week.
I am eyeing on baba since she has earning report today. I will probably get in credit put spread soon.