LRCX Trade on Dec 9, 2020 12:35 from thefudawg: Tradervue User Stock Trades.

Wanted to short this earlier this week when we were at 3 ATR above the 21 EMA. LRCX ended up continuing to run for so long and we started the day with LRCX at 5 ATR above the 21 EMA, extremely extended. Finally got some sell-off today and I was definitely late to the party since Tastyworks did not let me load any options chains for about 15 minutes, so I left my desk. Came back and LRCX was looking like it had more downside, especially with /ES still very weak.

Sized in on next week's 500 puts ATM in case we had a pop and ended up locking it up when we started to base and secured a nice return. R/R for the whole move using this week's $480 puts would have been around 300% - 400%.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-12-09 12:35:56	DEC18 20 500 PUT	buy	$12.150	long
2020-12-09 12:46:33	DEC18 20 500 PUT	sell	$13.450	long
2020-12-09 12:52:18	DEC18 20 500 PUT	sell	$14.350	long
2020-12-09 12:52:18	DEC18 20 500 PUT	sell	$14.350	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=LRCX&trade=22516233&end=20210108&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=LRCX&trade=22516233&end=20201209160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=LRCX&trade=22516233&end=20201209131618&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=LRCX&trade=22516233&end=20201209131618&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

LRCX Trade on Dec 9, 2020 12:35 from thefudawg: Tradervue User Stock Trades.

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