Rationale:
-coming into the session sentiment was bullish and risk was on (GDP release), so I was looking to go long
-since there wasn't momentum on the open, I decided to enter put credit spreads as opposed to calls
Recap:
-entry was a bit early as I was anticipating a hold of daily/weekly VWAP
-/ES found a low between yesterdays close and 8sma/hourly support
-held until the end of the day (didn't want risk of holding over the weekend)
-would've expected some vol to come out of these options, it didn't seem like much did
-not a big winner, but solid base hit; continue trading /ES spreads to avoid PDT and get the tax benefit
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-04-26 09:31:42 | MAY03 19 2920 PUT | buy | $14.20 | long |
2019-04-26 09:31:42 | MAY03 19 2925 PUT | sell | $16.05 | short |
2019-04-26 09:33:26 | MAY03 19 2920 PUT | buy | $14.20 | long |
2019-04-26 09:33:26 | MAY03 19 2925 PUT | sell | $16.10 | short |
2019-04-26 15:55:01 | MAY03 19 2920 PUT | sell | $9.80 | long |
2019-04-26 15:55:01 | MAY03 19 2925 PUT | buy | $11.20 | short |
2019-04-26 15:59:27 | MAY03 19 2920 PUT | sell | $9.25 | 0 |
2019-04-26 15:59:27 | MAY03 19 2925 PUT | buy | $10.55 | 0 |
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