CHGG Trade on Aug 27, 2020 15:52 from tradelikelarry: Tradervue User Stock Trades.

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tradelikelarry

 

Trade Planning:

  • Daily Chart: Uptrend, Consolidation below ATH.
  • TTM Squeeze: N/A
  • Earnings Date: 11/3
  • IV: 57%
  • Potential Profit: $116
  • Potential Loss: $384

Reason For Entry:

  • **Playing the Daily chart, Put Credit Spread. Price action bounced off the 50 MA (historically solid support). Our profit level is at the next solid support below the 50 MA. IV is at 57% and looking for a move to ATH. **

Reason For Exit:

  • Note

Recap:

  • Note

Execution detail:

Date/time Symbol Side Price Position
2020-08-27 15:52:31 18 SEP 20 70 PUT buy $1.930 long
2020-08-27 15:52:31 18 SEP 20 65 PUT sell $0.7700 short
2020-08-28 16:43:03 18 SEP 20 65 PUT buy $0.9500 0
2020-08-28 16:43:03 18 SEP 20 70 PUT sell $2.350 0


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