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Shared by
AofP2017

 

CLF

Aug 14, 2019 12:10


Shares traded: 0
Options traded: 32
Closed Gross P&L: $152.00
Gross Return: 0.48R

Tags:

Followed Rules Long Put Maverick

Daily Setup:
The weekly chart shows a long channel that has been moving sideways for approx. 4 years, with multiple false breakouts to the upside. The daily chart shows that price broke down out of the channel and staying below. Prints are above with a weak market.
Intraday Setup
Drifting lower below VWAP
Prints
869k @ 8.51
Stop:
8.60
Target:
7.50 - close 1/2 at 0.76 then move stoploss to break-even.
Reason to exit:
Sold 1/2 @ 0.76 (amount I was risking) moved stoploss to break-even.
Sold the last 1/2 slightly below breakeven.
Mistakes &/Or Concerns
None



Execution detail:

Date/time Symbol Qty Price Position
2019-08-14 12:10:25 AUG30 19 8.5 PUT 16 $0.5600 16
2019-08-15 13:41:09 AUG30 19 8.5 PUT -8 $0.7600 8
2019-08-16 11:04:09 AUG30 19 8.5 PUT -8 $0.5500 0


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