BA Trade on Sep 3, 2019 10:04 from kerobo0000: Tradervue User Stock Trades.

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kerobo0000

 

Daily Report Card:
-stock/market morning prep: C
-distractions/distracted: A

Rationale:
-Boeing gapping down -2.74%; news released that there will be further 737 max delays
-market also gapping down with China related headline (China filed complaint with WTO over US tariffs)
-market feels like it is moving slow today; sort of chopping around

How much risk should/did I take? 2,244/16% of NLV (appropriate lot size, a bit high as % of NLV...this is due to BA being a large underlying

Recap:

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How could I have traded this better?
-anticipate the lack of momentum when price got above PM-Low/open, indicating lower likelihood that the up move would hold
-noticing markets today were moving slow, and first day after a holiday, so increased likelihood of markets being range-bound
-if ADD was -1800, that would've been enough to wait for extended move to the downside

Gain/loss relative to expected gain/loss:
-+9.3%; gain slightly lower than expectation; trade is a base hit


Execution detail:

Date/time Symbol Side Price Position
2019-09-03 10:04:06 SEP06 19 350 PUT buy $3.740 long
2019-09-03 10:12:39 SEP06 19 350 PUT sell $4.070 long
2019-09-03 10:16:32 SEP06 19 350 PUT sell $4.120 long
2019-09-03 10:36:41 SEP06 19 350 PUT sell $4.220 long
2019-09-03 10:41:14 SEP06 19 350 PUT sell $4.020 0


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