SWKS Trade on May 22, 2019 15:17 from kerobo0000: Tradervue User Stock Trades.

Gravatar

Shared by
kerobo0000

 

Rationale:
-entered trade looking to catch the falling knife
-price had been tumbling and was approaching multi-year support at 66.80
-entered ratio spread with no risk to the upside if price reversed immediately

Recap:

Trade Planning
-structure: ratio spread
-major support: 66.80 / 62 (bottom side break even)
-add point: NA (may enter puts if price falls below 66.35 and market environment still negative)
-stop loss: price breaking and holding below $62
-take profit price / risk-reduction plan: run to expiration if trade still valid

image

image


Execution detail:

Date/time Symbol Side Price Position
2019-05-22 15:17:05 JUN21 19 65 PUT sell $1.460 short
2019-05-22 15:17:05 JUN21 19 67.5 PUT buy $2.320 long
2019-06-21 16:20:00 JUN21 19 65 PUT buy $0.0000 0
2019-06-21 16:20:00 JUN21 19 67.5 PUT sell $0.0000 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in