CLF Trade on Aug 14, 2019 12:10 from AofP2017: Tradervue User Stock Trades.

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AofP2017

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

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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

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CLF&trade=11337515&end=20200112&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(21)&study2=ema(34)');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CLF&trade=11337515&end=20190914&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(21)&study2=ema(34)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CLF&trade=11337515&end=20190816200000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(21)&study2=ema(34)');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CLF&trade=11337515&end=20190816153409&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(21)&study2=ema(34)');}

CLF Trade on Aug 14, 2019 12:10 from AofP2017: Tradervue User Stock Trades.

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