SQ Trade on Aug 11, 2020 16:50 from tradelikelarry: Tradervue User Stock Trades.

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Trade Planning:

Daily Chart: Uptrend, Consolidation below recent highs.
TTM Squeeze: Daily
**Earnings Date: **
**IV: **
Potential Profit: $36
Potential Loss: $364

Reason For Entry:

Playing the Daily chart, Put Credit Spread. This signal came from Omega Options Trading, I like the support area chosen since it is well below the 20 EMA (support area I drew up). Nice risk to reward in terms of a chart prospective.

Reason For Exit:

SQ expired worthless and I collected 100% of the premium.

Recap:

This Put Credit Spread was a play called by Omega Options Trading. Nice risk to reward in terms of a chart prospective. The breakeven level was well below the 20 MA (support area I drew up). The trade expired worthless and I collected 100% of the premium. Nice small win.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-08-11 16:50:10	14 AUG 20 129 PUT	sell	$0.6500	short
2020-08-11 16:50:10	14 AUG 20 128 PUT	buy	$0.5600	long
2020-08-15 18:09:15	14 AUG 20 129 PUT	buy	$0.0000	0
2020-08-15 19:13:28	14 AUG 20 128 PUT	sell	$0.0000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=18478111&end=20200910&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=18478111&end=20200910&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=18478111&end=20200910&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SQ&trade=18478111&end=20210108&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SQ Trade on Aug 11, 2020 16:50 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

Reason For Entry:

Reason For Exit:

Recap:

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