Shared by
billjf
TXT jumped up over $51 on good news
Pullback play for a retracement back to $45
$45 PUT
Expires 3/20
Cost: $39
Risk: $39
2/25 Closed out at $236. TXT at support $43.60
Profit: $197
Gain: 505%
Should have waited... TXT broke lower
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-04 12:28:00 | MAR 20 45 PUT | buy | $0.3900 | long |
| 2020-02-25 13:56:00 | MAR 20 45 PUT | sell | $2.360 | 0 |
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