Shared by
tombro
Pullback to downtrending 50 DMA. Stock Price on entry 82.64. Resting order to exit @.29
-4 82..5/83.5
CCS@.46
credit -5comm/spread =.41 max gain ML = .54 + 5 =.59 x 20%= .118....12+5cmsh=17 profit needed for 20% gain _46-17=.29 to close
Base reward/risk 46/54 Position R/R 184/216, Position R/R @ expiration 174/226, Position R/R with exit 164/236
MA's-Direction & details: entry was right under 50 DMA
Time Frame Alignment: chopping lower since mid 2014
Volume: 7m
Market action-Spy-Sectors-stock: Spy had a very low range day, almost an inside day -.19%
Stop: 83.65 on close Breakeven xxxx
Target: 20%
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-23 15:50:57 | APR1 15 82.5 CALL | sell | $1.080 | short |
| 2015-03-23 15:50:57 | APR1 15 83.5 CALL | buy | $0.6200 | long |
| 2015-03-24 09:34:06 | APR1 15 82.5 CALL | buy | $0.6100 | 0 |
| 2015-03-24 09:34:06 | APR1 15 83.5 CALL | sell | $0.3200 | 0 |
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