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Shared by
AofP2017

 

SPY

Aug 26, 2019 12:50


Shares traded: 1200
Options traded: 24
Closed Gross P&L: $141.00
Gross Return: 1.34R

Tags:

Brokenwing Butterfly Maverick Butterfly stats

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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