Dec 2, 2019 11:04

Shares traded: 0
Options traded: 8
Closed Gross P&L: $-180.00


TTM Daily Move to ATH

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent ATH.
- TTM Squeeze: Daily
- Earnings Date: 1/16-

Reason For Entry:
- Playing daily chart. BBT is in a nice pattern of consolidation below recent ath. It has been respecting the 21ema and I entered the trade in the buy zone (at the 21ema) entered for a 1/4 size position. TTM is in a squeeze and looking for BBT to make a new ath.
Reason For Exit:
- Trend broken. Note that the TTM is still in a squeeze but I exited the trade.

- Real nice valid setup. Nice entry in the buy zone. Tariff news came out and trend was now broken. Exited the trade and on to the next one.

Execution detail:

Date/time Symbol Qty Price Position
2019-12-02 11:04:13 20 DEC 19 55 CALL 4 $0.7000 4
2019-12-03 11:43:49 20 DEC 19 55 CALL -4 $0.2500 0

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