DAL Trade on Mar 23, 2020 12:42 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:
- Daily Chart: Oversold, Consolidation at support area.
- TTM Squeeze: 1h
- Earnings Date: 4/14-

Reason For Entry:
- Playing the 1h charts. PCS on 1h chart as DAL is consolidating at a support area. TTM squeeze on daily and gaining momentum. Betting that DAL closes over $22 by this Friday. The catalyst is that DAL gets the bailout that is expected from the government. Risking less than 1% of portfolio as I did not get the full position fill today. Will try again tomm., for the full entry position.

Reason For Exit:
- TTM fired long and price approaching resistance. Closed the full trade for almost 90%.

Recap:
- Perfect entry at the lower bb level as price consolidated, TTM in squeeze and momentum shifting positive, stayed patient and held position as TTM fired long and price moved to a resistance level. Closed the trade for about a 90% win.
image


Execution detail:

Date/time Symbol Side Price Position
2020-03-23 12:42:18 27 MAR 20 21 PUT buy $2.390 long
2020-03-23 12:42:18 27 MAR 20 22 PUT sell $2.830 short
2020-03-23 12:43:53 27 MAR 20 21 PUT buy $2.470 long
2020-03-23 12:43:53 27 MAR 20 22 PUT sell $2.910 short
2020-03-25 10:42:00 27 MAR 20 21 PUT sell $0.2700 long
2020-03-25 10:42:00 27 MAR 20 22 PUT buy $0.3300 short
2020-03-25 13:26:53 27 MAR 20 21 PUT sell $0.1900 0
2020-03-25 13:26:53 27 MAR 20 22 PUT buy $0.2500 0


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