Shares traded: 0
Options traded: 24
Closed Gross P&L: $-480.00
Gross Return: -1.07R
With the recent china trade wars, EEM has sold off from 43 down to 38.85 in just a few days. The past three days the price gapped down and closed at it's high on above average volume, then gaped up the next day. A 6.3 mil print @ 39.74 came in and we closed above it. Which leads me to believe this is a higher low.
Intraday on the 5min chart you can see that the print level held support after hours yesterday and also held support three times today, which is another reason I believe it was buying. I entered the trade after a surge higher and a pull back to support and waited for for confirmation.
6.3 mil @ 39.74
40.25 & 40.50
Reason to exit:
Stopped out - market gapped down past my stoploss.
Mistakes &/Or Concerns
I entered the trade while price was below the 8EMA and I entered the trade the day of the prints.
**Lessons learned was that I need to pay attention to when prints come out. If I wish to enter early and not get "splashed - out" Then I should do enter a strangle and add to the confirmed direction. **
|2019-08-09 14:07:11||AUG23 19 39.5 CALL||12||$0.8900||12|
|2019-08-12 09:43:02||AUG23 19 39.5 CALL||-12||$0.4900||0|
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!
You can write your trade notes and comments using markdown syntax for links, images, etc. Some quick examples to get you started:
For other options, see Markdown syntax documentation.
Note that normal HTML tags are not supported in Tradervue.