Shared by
tombro
1-2-3 anticipation short based on the daily chart, for a swing trade
Stock price 67.25
Stop 68.24 or EOD Wednesday if it hasn't moved
Update: Jan 6 Closed for +$72.5
(Update Jan 7 the option hit a high of 5.80...the stock moved in the direction i thought it could)
I could have closed it earlier in the day for about +$150...Which points out the fact that I was not clear on what I wanted out of this trade. This is something I MUST refine.
I must think thru the possible outcomes, especially since I am less likely to actively watch these trades, and I MUST have orders or alerts entered so I get the outcome I want, or avoid the ones I don't!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-01-05 10:46:21 | JAN 15 65 PUT | buy | $2.350 | long |
| 2015-01-06 15:47:46 | JAN 15 65 PUT | sell | $3.100 | 0 |
Comments
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My one concern with a short play here is how they everything is still above the ma's. Worth a shot on an option play.