Shared by
AofP2017
Tags:
Daily Setup:
Last Friday the market had a large selloff. However the SPY has been in a range between 294 & 284. Also, on the lower end of the range, the chart shows that it is making higher lows. See chart below****
Game Plan
I wanted to take advantage of a overall bullish move or just the choppiness at the current levels and at a very short time frame (3 days till expiration). If the price stays bullish I will make a minimum of 134% from my stop. If a pullback happens, I can make close to 400%ish.
Stop:
285.50
Target:
Above 185.50
Reason to exit:
Expired in the profit zone.
Mistakes &/Or Concerns
None
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2019-08-26 12:50:42 | AUG28 19 284 CALL | 3 | $4.443 | 3 |
| 2019-08-26 12:50:42 | AUG28 19 287 CALL | -6 | $2.357 | -6 |
| 2019-08-26 12:50:42 | AUG28 19 288 CALL | 3 | $1.800 | 3 |
| 2019-08-28 16:20:00 | SPY | -600 | $287.000 | -600 |
| 2019-08-28 16:20:00 | SPY | 300 | $284.000 | -300 |
| 2019-08-28 16:20:00 | SPY | 300 | $288.000 | 0 |
| 2019-08-28 16:20:00 | AUG28 19 284 CALL | -3 | $0.0000 | 0 |
| 2019-08-28 16:20:00 | AUG28 19 287 CALL | 6 | $0.0000 | 0 |
| 2019-08-28 16:20:00 | AUG28 19 288 CALL | -3 | $0.0000 | 0 |
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