Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: Daily
- Earnings Date: 1/27-
Reason For Entry:
- 10/29 AKAM reported earnings yesterday and continues to be in a pattern of consolidation below recent ATH. Price alerted in my buy zone and entered at a 1/5 size position. There is a TTM on the Daily and looking for a move to ATH. Options are dated mid November and will look to be patient with this trade.
Reason For Exit:
- Trend was broken and TTM fired short.
Recap:
- Very poor entry. Entered on the day of earnings as the stock was very volatile and retraced to my (buy zone) this is a case of not being aware of earnings dates on the stock. My exit was terrible as I waited 7 days after the TTM fired short and trend was confirmed broken. Big loss and I will learn from this mistake.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-10-29 15:47:03 | 15 NOV 19 90 CALL | buy | $0.8300 | long |
2019-10-30 11:16:00 | 15 NOV 19 90 CALL | buy | $0.5200 | long |
2019-11-08 15:16:31 | 15 NOV 19 90 CALL | sell | $0.0400 | long |
2019-11-08 15:16:40 | 15 NOV 19 90 CALL | sell | $0.0300 | long |
2019-11-08 15:16:40 | 15 NOV 19 90 CALL | sell | $0.0300 | 0 |
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