ZM Trade on May 13, 2020 16:23 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

Trade Planning:

15m Chart: Uptrend, Consolidation below recent highs.
TTM Squeeze: 15m
Earnings Date: 6/2

Reason For Entry:

Playing the 15m chart, day trade. ZM is in a pattern of consolidation below recent highs. The TTM Momentum Oscillator is shifting positive at the entry. Order filled for 1 contract at the buy zone (just below the 8ema and 21ema). Risking 1% of portfolio. Watching for ZM to break over the 8ema and 21ema.

Reason For Exit:

ZM broke over the resistance level (61.8% Fib Extension level) and I locked in the win at the end of the day.

Recap:

This was a day trade with a classic pattern setup that I follow. ZM consolidated below its recent high, entered the trade just below the 8ema & 21ema and closed the position at the first target (61.8% Fib Extension level). Overall was a quick 37% win.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-05-13 16:23:36	15 MAY 20 170 CALL	buy	$2.300	long
2020-05-13 16:59:13	15 MAY 20 170 CALL	sell	$3.150	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ZM&trade=14672515&end=20200513160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ZM&trade=14672515&end=20200513160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ZM&trade=14672515&end=20200513160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ZM&trade=14672515&end=20200513160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

tonymck66

2020-05-14 20:27:35

Nice execution of an option day trade. Like the setup and how you played it, especially the patience shown to wait for the setup you want, then the discipline to exit at a defined target level. I learnt something from you!

Thanks for sharing.

tradelikelarry

2020-05-14 20:55:18

I’m glad I could help! @tonymck66