Put credit spread for steady income
Simple & effective
Step 1 - Sell 1 put, buy another at a lower strike
Step 2 - use Market Chameleon to find an edge
Results - Limited downside, consistent cash flow
#OptionsIncome#TradeIdeas
$NVDA is crashing post earnings but Market Chameleon gave you put credit spread trade for passive income.
Sell 111 Put
Buy 109 Put
Aug 30th Exp
10 contacts yield $300 in 48 hours as long as nvidia stays above 111 by Friday.
As long as $NVDA stays above $113 by this Friday this trade will expire worthless and you will collect the whole premium.
Nvidia needs to go down 12.7% just to break even