Shared by
vholle1
Simple Squeeze setup stacked averages translated into nice upward price momentum. Left the trade as the move seemed exhausted. Used a fib levels and a 1 SD keltner channel to pick a top. If I renter this trade it will probably be on a bounce from the 50 SMA on the hourly anticipating new highs next week. Markets permitting. Maybe I should put a little more risk on the next setup like this. buying .7 delta calls instead of .5.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-12 10:05:36 | 17 JUL 20 43 CALL | buy | $7.000 | long |
| 2020-06-17 11:51:23 | 17 JUL 20 43 CALL | sell | $9.400 | 0 |
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