Shared by
GH0ST_0P
ZWK20 560P
Good looking swing.
Method
RSI Overbought (71)
Bollinger Band Pierced
Shooting Star candle off of $587 resistance
4.5Wk expiry
Risk/Reward = 3R
Risk Management
Trading error, hit the button too soon and ended up incorrectly risking 18% ! I'll correct this shortly.
Exit Strategy
Easier to see on the May contract, there's a large channel, my target is $500 area which is near the bottom of this channel.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-30 11:03:12 | /OZWK2 560 PUT | buy | $18.38 | long |
| 2020-04-07 10:17:46 | /OZWK2 560 PUT | sell | $19.50 | 0 |
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