Received $454 Credit For Nvidia Trade

I sold an $870/$875 Apr 19th Nvidia (NVDA) Short Put Spread today. Here’s the trade:

Sell To Open | NVDA | Qty: 2 | Short Put Spread | Expires: Apr 19, 2024 | Buy: $870 / Sell: $875 | Net Price: $2.27 | Credit: $454 | Close Target: 10¢ | Profit Target: $434

I believe that if Nvidia keeps its bull run going I will be able to close out this trade in early April – assuming Nvidia hits a price of $920+.

Stay tuned...