ZM Trade on Dec 21, 2020 10:13 from jfabiano: Tradervue User Stock Trades.

Gravatar

Shared by
jfabiano

 

Selling the recent $375 line support after new COVID strain in UK caused a large market gap down. Only 1 contact 10DTE with 2 days being holiday's.

12/31 continues it's relentless selling pressure now below the $346 last support and getting into the $342 area today. Next support line $325 to fill the gap. I sold the 15DTE $370 call as will be assigned over the weekend on the $380 put (1) contract and long 100 shares with basis of $375. This will bring my B/E down to $367.50 with profit potential of $250.

1/14 Rolled out the $370 calls on a nice spike and pullbaack to $374 area. Got $7.50 net so move my B/E now to $360 with total profit potential of just under $1K if assigned next week

1/22/21 - Assigned on the $370 calls net profit $998 or 39% annualized on $37,500 initial basis for the 3 weeks holding period.


Execution detail:

Date/time Symbol Side Price Position
2020-12-21 10:13:00 DEC31 20 380 PUT sell $5.000 short
2020-12-31 09:50:00 JAN15 21 370 CALL sell $7.500 short
2020-12-31 16:06:14 DEC31 20 380 PUT buy $5.000 0
2020-12-31 16:06:27 ZM buy $367.508 long
2021-01-14 09:55:00 JAN15 21 370 CALL buy $7.500 0
2021-01-14 09:55:00 JAN22 21 370 CALL sell $7.500 short
2021-01-22 16:47:21 JAN22 21 370 CALL buy $0.0000 0
2021-01-22 16:47:21 ZM sell $370.000 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in