BA Trade on Apr 30, 2020 13:55 from tradelikelarry: Tradervue User Stock Trades.

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Trade Planning:

Daily Chart: Downtrend, Consolidation below recent lows.
TTM Squeeze: Daily
Earnings Date: 4/30

Reason For Entry:

Playing daily chart. BA is in a pattern of consolidation below recent lows. TTM squeeze on Daily chart. Opened position at buy zone (at 21ema). Watching for continuation to downtrend.

Reason For Exit:

BA rejected the top trendline of the descending triangle and dropped. Locked in the 55% win

Recap:

BA had a nice valid setup (consolidation below recent lows along with a descending triangle). I took a shot and bought 1 contract at the support area (top trendline of the descending triangle). BA rejected the top trendline and had a strong drop in price. I took profits after I was up 55%

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-04-30 13:55:45	15 MAY 20 135 PUT	buy	$5.700	long
2020-05-01 13:59:36	15 MAY 20 135 PUT	sell	$8.850	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BA&trade=14312701&end=20200530&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BA&trade=14312701&end=20200530&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BA&trade=14312701&end=20200530&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=BA&trade=14312701&end=20200927&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

BA Trade on Apr 30, 2020 13:55 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

Reason For Entry:

Reason For Exit:

Recap:

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