We looked through some stocks and saw that BYND was showing strength with a nice move up.
We picked up some calls in the middle of the run up.
Stop loss of about %10 was hit quickly.
The stop loss was probably too tight at this point after the nice move up already occurred.
Accidentally, some contracts remained unsold.
So we made a new plan of %20 risk for %40 reward ($2.80 stop, $4.90 target) based on BYND showing nice bullishness:
Consolidation after a run up, rough bull flag, and a breakout point of $88 approaching. $88 was high from yesterday and today.
Target reached, glad to have held out the trade for the win.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-09 10:29:00 | JAN17 20 87 CALL | buy | $3.500 | long |
2020-01-09 10:34:00 | JAN17 20 87 CALL | sell | $3.200 | long |
2020-01-09 14:17:00 | JAN17 20 87 CALL | sell | $4.900 | 0 |
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