Sarah bought some BA puts here.
Watched the position and Anthony decided to sell them for a loss once he saw BA was back up at 315 and looking comfortable at this level to keep moving up.
I guess that dip might have been a "bear trap". BA just went up after this entry.
Maybe a better stop loss could have been implemented. We let BA go 2 dollars against us.
We could have noticed that if BA was not breaking any new lows then we should get out of puts quickly.
Or noticed the 313.50 level and watched to see if BA would breach 313.50 and we should get out, since that is above the recent mini pullback to 313.40's.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-23 10:56:00 | JAN24 20 315 PUT | buy | $3.650 | long |
2020-01-23 12:23:00 | JAN24 20 315 PUT | sell | $2.310 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!