Tags:
Daily Setup:
PBR has come down to support on the weekly chart with prints noted at 13.13 level. I waited several days for the price to confirm a bounce back up. Today, price got above the 8ema and above the T-Spot which is noted at 13.10
Game Plan
The plan is to hold a longer term call and sell weeklies against the long option.
Stop:
13.00
Target:
17.00
Reason to exit:
After being assigned shares, this trade has been a pain. PBR broke support at 14.50, so I closed the long calls and now will hold the short shares until the end of day.
Mistakes &/Or Concerns
I was in the middle of rolling my short 14 calls when I lost internet and it wasn't up in time before the market closed. I talked to Corey and he suggested just waiting for a pull back because I have so much time left in the long call.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2019-08-29 12:49:37 | SEP06 19 14 CALL | -10 | $0.0800 | -10 |
2019-08-29 12:49:37 | OCT18 19 13 CALL | 10 | $0.9800 | 10 |
2019-09-06 16:20:00 | PBR | -1000 | $14.000 | -1000 |
2019-09-06 16:20:00 | SEP06 19 14 CALL | 10 | $0.0000 | 0 |
2019-09-20 11:02:54 | OCT18 19 13 CALL | -10 | $1.520 | 0 |
2019-09-20 11:12:49 | PBR | 1000 | $14.535 | 0 |
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