Shared by
satrader
Sarah bought puts at end of day, she thought LK would have more weakness.
It sure did and gapped down nicely the next morning!
Tried to sell contracts at $3.00 in the 1st minute, was very close to filling (was between bid and ask), then LK started rising.
Finally sold for break even.
Great trade idea, but needed to proactively adjust the sell order when it didn't fill to retain the profit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-22 15:59:00 | JAN24 20 44 PUT | buy | $1.700 | long |
| 2020-01-23 09:42:00 | JAN24 20 44 PUT | sell | $1.700 | 0 |
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