🎯 How to Generate Income with a Bull Put Spread on NVIDIA Earnings (Step-By-Step Guide)

Hey everyone!

Today I recorded a full walk-through showing one of my favorite income strategies — the Bull Put Spread — using NVIDIA earnings as the example.

NVIDIA reports after the bell today, so implied volatility is elevated and option premiums are richer than usual. Perfect time to break down how I personally think through a spread like this.

Below is a quick summary of what you’ll see in the video ⬇️

💡 What Is a Bull Put Spread?

A bull put spread is an options income strategy where you:

Sell a put at a strike you’d be happy owning the stock
Buy a further OTM put to cap your downside

You collect a credit up front, and your max loss is defined — no surprise blowups.

This is one of my favorite income streams inside the River of Wealth because it allows smaller accounts (or accounts without margin) to generate consistent returns with limited risk.

🔧 The NVIDIA Setup I Walk Through

At the time of recording:

NVDA price: ~$185
Earnings: After the bell
DTE: I prefer the 30–45 day window
Delta targets: Sell ~20 delta, buy ~10 delta

In the example, I show how to set up:

Sell the 165 put (~20 delta)
Buy the 155 put (~10 delta)
$177 credit received
$823 max risk
Breakeven at ~$163

This is a defined-risk, high-probability setup, especially with elevated IV before earnings.

I also walk through:

Why I prefer strikes with higher open interest
Why I often lean toward the $5 and $10 increments
How IV crush works after earnings
How to set the order up in Thinkorswim step-by-step

🧠 Closing the Trade: My 50% Rule

Inside the video, I show exactly how I set the GTC closing order at 50% profit.

For the example:

Entry: $1.76
Target: $0.88
I show how to highlight both legs → “Create closing order” → Set limit → Make GTC.

This is one of my core River of Wealth principles:automate your exits so your emotions don’t get involved.

📈 Scaling the Position

I also show how this looks when you size up:

1 contract → $177
10 contracts → $1,770
20 contracts → $3,540

As long as you stay within your defined risk and position-sizing rules, the bull put spread becomes a very controllable and repeatable income engine.

🤝 If You’re New to This…

Remember — you can always ask questions in here.I’m here to help, and so is the entire River of Wealth community. Watch the full video for the detailed walk-through, trade setup, and the live Thinkorswim example.Let’s keep developing these income streams together. 🌊💰

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