47/42 Put Vertical Credit Spread @ $0.98
Prob. of Max Profit = 69.49%
Prob. of Max Loss = 13.53%
Break-even @ $46.02
Similar bias as NVDA trade (check it out below).
Entry by oversold + analysis
Expecting $48.00 to survive possible test before report in Feb.'18 for an uptrend continuation before Apr .'18 expiration.
Using longer duration for some more premium + allow for adjustment if trade goes very wrong.
Expecting spread to expire worthless but will take early profit + place new trade with same bias around if IV swells premium up enough to give an edge.