Shared by
satrader
Sarah saw strength in Roku as it quickly rose and closed the gap from last trading day.
Sarah noted positive news related to Roku TV and brand partners.
Sarah entered large position of ATM calls expiring in 4 days, Friday.
The trade went down a little at first.
Sarah initially wanted a 20% profit on the trade.
We loosely had a 10% stop loss in mind.
Anthony added in a $.50 trailing stop loss.
We let the trade ride out past our initial target as Roku was showing non-stop strength.
Finally this resulted in about a 48% profit once Roku had some selling come in!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-06 09:34:00 | JAN10 20 138 CALL | buy | $5.700 | long |
| 2020-01-06 10:17:00 | JAN10 20 138 CALL | sell | $8.440 | long |
| 2020-01-06 10:17:00 | JAN10 20 138 CALL | sell | $8.440 | 0 |
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