$SPX Trade on Sep 21, 2020 09:49 from Musteno802: Tradervue User Stock Trades.

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Musteno802

 

Entry A
Exit A

Thesis: Was watching the market overall and saw a downturn, pretty strong. Really wasn't looking to play this as anything other than a hedge against open positions. I took the debit spread on some market hesitation after open and a little pullback. After hitting 200% I noticed a stall in the markets. I was up, had covered entry on at least one of my open positions so locked it in. I've only been using 30 min and 1 day charts for my positions and then keep track of the market internals on the 5 min. Interrnals were reading well this morning so made for an easy entry. The larger charts gave me confirmation with time enough to make a good entry. Not really much more to this trade. Other than to mention I was perfectly ok with it going to zero. The risk reward was incredible on this.

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Execution detail:

Date/time Symbol Side Price Position
2020-09-21 09:49:32 SEP21 20 3200 PUT buy $0.8500 long
2020-09-21 09:49:32 SEP21 20 3185 PUT sell $0.0000 short
2020-09-21 10:40:06 SEP21 20 3200 PUT sell $2.550 0
2020-09-21 10:40:06 SEP21 20 3185 PUT buy $0.0000 0

Displaying SPY as a proxy symbol.


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