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Shared by
AofP2017

 

GLD

Jul 19, 2019 11:28


Shares traded: 0
Options traded: 24
Closed Gross P&L: $240.00
Gross Return: 0.89R

Tags:

Ascending Triangle Bull Put Maverick Income Trade

Daily Setup:
The chart shows an ascending triangle breakout on the daily chart with an increase in volume. The weekly chart also shows a bull flag. The breakout occurred yesterday
Game Plan
Entered the credit spread for 20% of the spread. The plan is to close 1/2 of the spread for 50% of the spread if it occurs by Tuesday to eliminate exposure. If the target of 50% isn't obtained before Tuesday, then the whole position will be closed at 80%.
Stop:
132 level - Last pivot low.
Target:
Anywhere above 132.
Reason to exit:

Mistakes &/Or Concerns


Execution detail:

Date/time Symbol Qty Price Position
2019-07-19 11:28:02 AUG02 19 130 PUT 6 $0.2500 6
2019-07-19 11:28:02 AUG02 19 132 PUT -6 $0.6500 -6
2019-08-02 16:20:00 AUG02 19 130 PUT -6 $0.0000 0
2019-08-02 16:20:00 AUG02 19 132 PUT 6 $0.0000 0


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