Shared by
GH0ST_0P
17 APR 100P
Market crashing, and both oil, and natgas, (energy) are tanking. Duke did well on earnings, but this created an overbought disconnect from the rest of the market, creating this opportunity for me.
Method
RSI Overbought (82)
Bollinger Band Pierced (2/24)
No resistance, but large shooting star outside BB
5Wk+ Expiry
Risk/ Reward = 2-6R
Money Management
Risked 5%
Exit Strategy
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-25 10:00:25 | 17 APR 20 100 PUT | buy | $1.650 | long |
| 2020-02-25 10:00:25 | 17 APR 20 100 PUT | buy | $1.650 | long |
| 2020-02-28 09:32:53 | 17 APR 20 100 PUT | sell | $8.200 | long |
| 2020-02-28 09:32:53 | 17 APR 20 100 PUT | sell | $8.200 | 0 |
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