Shared by
GH0ST_0P
24 APR 7C
Looks like we're finally getting the bounce on equities. GE has carved out a bottom at resistance and has an engulfing on the weekly.
Method
RSI Oversold (20)
Bollinger Band Pierced
Several pin/doji's & engulfing weekly candle off $6 resistance
4.5Wk expiry
Risk/ Reward = 2-3R
Money Management
Risked 10%
Exit Strategy
Confluence at $10 resistance/ 200dma/ and top of Bollinger Bands.
and daily
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-25 10:51:50 | 24 APR 20 7 CALL | buy | $0.9500 | long |
| 2020-03-31 15:33:20 | 24 APR 20 7 CALL | sell | $1.180 | long |
| 2020-03-31 15:33:20 | 24 APR 20 7 CALL | sell | $1.180 | 0 |
| 2020-03-31 15:41:58 | 1 MAY 20 7.5 PUT | buy | $0.6500 | long |
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