ESK9 Trade on Apr 29, 2019 10:39 from kerobo0000: Tradervue User Stock Trades.

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kerobo0000

 

Rationale:
-slightly bullish on the market today
-ES stayed above VWAP and thought it was a good time to sell a credit spread

Recap:
-in hindsight, I would like to be closer to a hourly/daily level to lean into ( next closest is 2939)
-ES is a bit extended (over 8dma and extended over monthly VWAP) and the market looks like it is primed for a pullback (SPY at upper Bollinger band and VIX is in squeeze)

Trade Planning
-structure: put credit spread
-major support: 2938-2940
-add point: NA
-stop loss: 2934-2935 (if it fails this area I am wrong)
-take profit price / risk-reduction plan: 30-50% of max profit

2019-05-02 20:12:23
-closed for a loss; I had one opportunity to close out at 30% profit target, but I missed it since I didn't have GTC order set (happened during overnight/pre-market session)


Execution detail:

Date/time Symbol Side Price Position
2019-04-29 10:39:46 MAY10 19 2935 PUT buy $16.50 long
2019-04-29 10:39:46 MAY10 19 2940 PUT sell $18.25 short
2019-05-02 11:49:30 MAY10 19 2935 PUT sell $39.45 0
2019-05-02 11:49:30 MAY10 19 2940 PUT buy $42.80 0


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