SSI Trade on Jan 23, 2020 15:55 from satrader: Tradervue User Stock Trades.

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satrader

 

Bought some overnight SSI calls to follow Nathan Bear's trade idea. We don't typically buy options on penny stocks.

Had good entry as we watched SSI sell off from 3.85 and we got the options a little cheaper.

The next day we didn't watch this much, as we had other trades.

Then Anthony watched SSI and thought that it would go up to at least $4.00 like the previous high, but eventually sell off from this level, because this pattern looked different than a true bull flag pattern and resembled a pattern seen in BYND where it eventually sold off.

So Anthony placed a sell order at $1.80 and it eventually hit it on a spike up.

Happy with this trade. SSI sold off bad later in day.

The funny thing is that buying/selling the stock outright would have gotten about the same percentage return (almost 10%)!


Execution detail:

Date/time Symbol Side Price Position
2020-01-23 15:55:00 APR17 20 2.50 CALL buy $1.650 long
2020-01-24 12:44:00 APR17 20 2.50 CALL sell $1.800 0


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