Shared by
GH0ST_0P
28 FEB 20 150C
After much back-testing I couldn't wait until the next setup on FDX to materialize and here it is.
Method
RSI Oversold (36)
Bollinger Band Pierced
Doji candle bouncing off prior support @ $147 lvl
5wk expiry
Risk / Reward - 2-2.5R
Money Management
Risked 10%
Exit Strategy
Price is trading sideways in a range. Resistance coincides with the top of the Bollinger bands, the 200dma, as well strong s/r line at 163. Will be looking to exit right under there.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-28 10:25:28 | 28 FEB 20 150 CALL | buy | $4.650 | long |
| 2020-02-04 10:12:52 | 28 FEB 20 148 CALL | buy | $3.750 | long |
| 2020-02-04 10:13:07 | 28 FEB 20 148 CALL | buy | $3.780 | long |
| 2020-02-10 09:33:19 | 28 FEB 20 148 CALL | sell | $11.000 | 0 |
| 2020-02-10 09:33:38 | 28 FEB 20 150 CALL | sell | $10.150 | long |
| 2020-02-10 09:33:38 | 28 FEB 20 150 CALL | sell | $10.150 | 0 |
Leave a comment about this trade!
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!