Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: Daily
- Earnings Date: 6/1-
Reason For Entry:
- Playing daily chart. JD is in a pattern of consolidation below recent highs. It had developed a squeeze on the daily and entered the PCS trade as price entered buy zone (lower bb). Risking about 1% of portfolio. Betting that price closes above $38 at expiration on 200417.
Reason For Exit:
- Had a working order for 50% win and price got filled.
Recap:
- Nice entry at the lower BB. Stayed patient and closed the trade for a 50% win.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-12 12:47:55 | 17 APR 20 38 PUT | sell | $3.300 | short |
2020-03-12 12:47:55 | 17 APR 20 37 PUT | buy | $2.850 | long |
2020-03-12 12:47:55 | 17 APR 20 38 PUT | sell | $3.300 | short |
2020-03-12 12:47:55 | 17 APR 20 37 PUT | buy | $2.850 | long |
2020-03-31 12:30:32 | 17 APR 20 37 PUT | sell | $0.6300 | long |
2020-03-31 12:30:32 | 17 APR 20 38 PUT | buy | $0.8600 | short |
2020-03-31 12:30:32 | 17 APR 20 37 PUT | sell | $0.6300 | long |
2020-03-31 12:30:32 | 17 APR 20 38 PUT | buy | $0.8600 | short |
2020-03-31 12:32:46 | 17 APR 20 37 PUT | sell | $0.6300 | long |
2020-03-31 12:32:46 | 17 APR 20 38 PUT | buy | $0.8600 | short |
2020-03-31 12:37:04 | 17 APR 20 37 PUT | sell | $0.6200 | 0 |
2020-03-31 12:37:04 | 17 APR 20 38 PUT | buy | $0.8500 | 0 |
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