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Shared by
AofP2017

 

SPY

Jul 15, 2019 10:08


Shares traded: 0
Options traded: 40
Closed Gross P&L: $112.00
Gross Return: 0.86R

Tags:

Income Trade Maverick Bull Put 0 DTE

Daily Setup:
Spy is at all time highs
Intraday Setup
At the open price sold off down to the 5min 200SMA and showed to be support several times. Yesterday's high was shown to be strong resistance as well. Overall side ways for the day.
Game Plan
I entered the trade when price bounced off the 200SMA and initially broke yesterday's high. The stop price of 299.80 was picked due to that level being support yesterday and being slightly below break even.
Stop:
299.80 - risking $130 on the trade.
Target:
Anywhere above $300
Reason to exit:
Closed short puts for 0.01 - I don't want to risk being assigned shares.
Mistakes &/Or Concerns
No mistakes or concerns.


Execution detail:

Date/time Symbol Qty Price Position
2019-07-15 10:08:22 JUL15 19 299 PUT 2 $0.0400 2
2019-07-15 10:08:22 JUL15 19 300 PUT -2 $0.1700 -2
2019-07-15 10:09:44 JUL15 19 299 PUT 8 $0.0400 10
2019-07-15 10:09:44 JUL15 19 300 PUT -8 $0.1600 -10
2019-07-15 15:41:07 JUL15 19 300 PUT 10 $0.0100 0
2019-07-15 16:20:00 JUL15 19 299 PUT -10 $0.0000 0


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