Shares traded: 1200
Options traded: 24
Closed Gross P&L: $141.00
Gross Return: 1.34R
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****
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.
Reason to exit:
Expired in the profit zone.
Mistakes &/Or Concerns
|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||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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