SPY Trade on Jul 19, 2019 09:58 from AofP2017: Tradervue User Stock Trades.

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Shared by
AofP2017

 

Shares traded: 0
Options traded: 40
Closed Gross P&L: $230.00

Tags:

0 DTE Bear Call Followed Rules Maverick Income Trade

Daily Setup:
Consolidating near all time highs, just under $300
Intraday Setup
Premarket and yesterdays after hours traded in a range of $300 - $299. At the open yesterday's after hours High/ $300 level were retested and failed. Support and resistance were noted at the 300/ 299.60, 299.40 and 299 levels.
Game Plan
The plan is to enter a bear call spread, selling the 300 call because it's the day's high. Entering the trade when the 299.60 level is broken. Then let theta work and close the short position at 0.01.
Stop:
The break above 300. It would mean that the day is going to be green and the buyers would be noted above the solid 300 round number.
Target:
Anywhere 300.
Reason to exit:
Closed the short call for 0.01 - target hit
Mistakes &/Or Concerns
None

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Execution detail:

Date/time Symbol Qty Price Position
2019-07-19 09:58:26 JUL19 19 300 CALL -10 $0.2600 -10
2019-07-19 09:58:26 JUL19 19 302 CALL 10 $0.0200 10
2019-07-19 14:11:24 JUL19 19 300 CALL 10 $0.0100 0
2019-07-19 16:20:00 JUL19 19 302 CALL -10 $0.0000 0


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