MSFT broke a stunning daily squeeze and we were seeing a huge reversal. Was looking for a day 2 continuation, which we got. Yesterday we ran up to old POC and closed there/consolidating overnight and into the PM ($233.50). Clear target of $225 today which was a possible breakout level for $258.
I got into here a bit late, needing to move capital over from SHOP so I got in at the first candle pop off of POC after we based at open and found some footing. I held it past the $225.63 tap, which is where I should have locked since I had massive premium spike with the momentum behind me. I was looking for a possible break since we based for a little but then failed and started to come down.
Got out with a modest profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-22 09:41:34 | DEC24 20 225 CALL | buy | $1.710 | long |
2020-12-22 09:41:34 | DEC24 20 225 CALL | buy | $1.710 | long |
2020-12-22 09:41:34 | DEC24 20 225 CALL | buy | $1.710 | long |
2020-12-22 09:41:34 | DEC24 20 225 CALL | buy | $1.720 | long |
2020-12-22 09:41:34 | DEC24 20 225 CALL | buy | $1.720 | long |
2020-12-22 09:41:34 | DEC24 20 225 CALL | buy | $1.720 | long |
2020-12-22 09:53:56 | DEC24 20 225 CALL | sell | $1.880 | long |
2020-12-22 09:53:56 | DEC24 20 225 CALL | sell | $1.880 | 0 |
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