OptionsPlay DailyPlay Ideas Menu – April 28th, 2026

💰 The Income Generators (High Probability, Cash Flow)

• NVDA: Bullish Put Spread capitalizing on the marquee AI name rejoining our Confirmed leadership board with multi-timeframe strength.
• COHR: Bullish Put Spread leveraging perfect relative strength and confirmed bullish trends to capture premium.

🚀 The Growth Seekers (Higher Risk, Max Reward)

• AMZN: Long Call Spread targeting continued AWS acceleration, AI infrastructure dominance, and margin expansion heading into earnings.

🛡️ The Portfolio Protectors (Hedges & Bearish Bets)

• (No trades in this category today)

1. NVDA ($216.61) – Reclaiming AI Leadership

• We’re betting on: If NVIDIA maintains its structural breakout and multi-timeframe fundamental strength, the stock will hold its support base and stay above our $215 strike through early June.
• The Trade: Sell to Open the NVDA Jun 5, 2026 215/200 Put Vertical @ $5.65 Credit.
  • 🟢 BUY TO OPEN Jun 05, 2026 200 Put @ $5.50
  • 🔴 SELL TO OPEN Jun 05, 2026 215 Put @ $11.15
• Trade Metrics: POP: 56.35% | Collect $565.00 per contract vs. a Max Risk of $935.00 (1.6:1).
• The Setup: Sourced from our Equity Research Watchlist, NVIDIA has re-entered the leadership board with multi-timeframe strength after a long absence. It ranks among the strongest fundamentals in our broader coverage universe. The marquee AI name rejoining “Confirmed” status alongside a complex-wide broadening is a critical signal. Technically, the stock is supported by robust Relative Strength (9/10) and confirmed Bullish Trends across 1M and 6M timeframes.
• Management:
  • ⚠️ Warning: Earnings is scheduled for May 20, which may require active management.
  • Stop Loss: Buy back the spread at $11.30 (100% of credit received).
  • Take Profit: Buy back the spread at $2.82 (50% of max gain).

2. COHR ($321.53) – Momentum in Materials

• We’re betting on: If Coherent Corp continues to ride its powerful bullish momentum, the stock will easily maintain support above our $290 strike, allowing this credit spread to expire worthless.
• The Trade: Sell to Open the COHR Jun 5, 2026 290/270 Put Vertical @ $7.30 Credit.
  • 🟢 BUY TO OPEN Jun 05, 2026 270 Put @ $18.35
  • 🔴 SELL TO OPEN Jun 05, 2026 290 Put @ $25.65
• Trade Metrics: POP: 58.59% | Collect $730.00 per contract vs. a Max Risk of $1,270.00 (1.7:1).
• The Setup: Coherent Corp is displaying flawless technical momentum, characterized by a perfect Relative Strength score (10/10) and confirmed Bullish Trends across both 1M and 6M timeframes. We are utilizing this structural strength to sell premium below the current price action, leaning on established support near $301.
• Management:
  • ⚠️ Warning: Earnings is scheduled for May 06, which may require active management.
  • Stop Loss: Buy back the spread at $14.60 (100% of credit received).
  • Take Profit: Buy back the spread at $3.65 (50% of max gain).

3. AMZN ($261.12) – The AWS Reacceleration

• We’re betting on: If Amazon delivers a strong earnings report demonstrating AWS growth and AI infrastructure dominance, the stock will push through overhead resistance and expand its breakout range.
• The Trade: Buy to Open the AMZN May 22, 2026 260/285 Call Vertical @ $8.77 Debit.
  • 🟢 BUY TO OPEN May 22, 2026 260 Call @ $12.77
  • 🔴 SELL TO OPEN May 22, 2026 285 Call @ $4.00
• Trade Metrics: POP: 37.44% | Pay $877.00 per contract vs. a Max Reward of $1,623.00 (1.8:1).
• The Setup: Heading into its April 29 earnings print, Amazon is pushing near new 52-week highs. AWS is reaccelerating, and AI revenue is scaling quickly with meaningful enterprise demand. Massive ~$200B capex is largely backed by customers, reducing execution risk, while strategic deals (like Meta partnerships) validate Amazon’s custom chip ecosystem. Technically, the stock is in a confirmed Bullish Trend (1M & 6M) with strong Relative Strength (9/10), offering a high-reward setup for a beat-and-raise scenario.
• Management:
  • ⚠️ Warning: Earnings is scheduled for Apr 29, which may require active management.
  • Stop Loss: Sell the spread at $4.38 (50% loss on premium).
  • Take Profit: Sell the spread at $15.34 (75% gain on premium).