AMD Trade on Jan 9, 2020 10:56 from satrader: Tradervue User Stock Trades.

Sarah got some puts as she thought AMD would have trouble holding at the $50 level.
Initially set a stop at $.50.
Position started working out, so we moved our stop up to $.65 to retain a %10 profit.
AMD bounced off of VWAP at $49.50 and we got stopped out.
Later the position went on to be a %150 winner.
If we didn't move the stop price up to $.65, we would have had a much bigger win.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-01-09 10:56:00	JAN10 20 50 PUT	buy	$0.5900	long
2020-01-09 11:33:00	JAN10 20 50 PUT	sell	$0.6500	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMD&trade=12512275&end=20200109135300&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMD&trade=12512275&end=20200109115000&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Jackkhodr

2020-01-09 21:04:55

i would not advise you to have hard stop losses on option contracts as the premiums move big time when the play goes against you
try having a mental stop loss according to the stock chart and not the option price
Good luck trading

AMD Trade on Jan 9, 2020 10:56 from satrader: Tradervue User Stock Trades.

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