PBR Trade on Aug 29, 2019 12:49 from AofP2017: Tradervue User Stock Trades.

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AofP2017

 

Shares traded: 2000
Options traded: 40
Closed Gross P&L: $85.00

Tags:

Diagonal Call Maverick Prints T-Spot

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.

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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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