ROKU Trade on Jun 24, 2020 09:45 from tradebum: Tradervue User Stock Trades.

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tradebum

 

After the break and retest of VWAP and the way ROKU has been trading I knew that this was the move down I planned for when I saw conviction to the downside. (e.g. sellers hitting the bid. Large prints going off, no bid holding the l2, increasing steady volume on downticks) I entered short planning for another pullback and held through it while monitoring the tape and saw no real volume for buyers. When I saw the amount of selling going on and SPY dumping at the same time I strapped in for the ride. I had decided a sell point of the break of 125 and ROKU hit that and more. I sold my position after the third extreme volume candle at the break of 125. Greed doesn't pay. This wasn't a drop on bad news. Just a normal sell off so I wasn't being greedy. Ended up being a perfect trade.


Execution detail:

Date/time Symbol Side Price Position
2020-06-24 09:45:26 26 JUN 20 125 PUT buy $1.940 long
2020-06-24 09:51:40 26 JUN 20 125 PUT sell $3.000 long
2020-06-24 09:51:40 26 JUN 20 125 PUT sell $3.000 0


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