Shared by
AofP2017
Tags:
Maverick
Max Pain
New Trading Plan
60/30 delta 2%/wk plan
1 DTE 500/505 bear call for $2.05
Max pain is $480
Looking for price to drift down to the max pain level & the market is showing weakness.
Closed position when market bounced off the 21ema. On the flush down, NFLX held up and didn't flush. Closing position for a small winner.
Trade Review
https://youtu.be/CLhIvYyrWdc
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-01-14 15:38:19 | JAN15 21 500 CALL | -3 | $5.347 | -3 |
| 2021-01-14 15:38:19 | JAN15 21 505 CALL | 3 | $3.297 | 3 |
| 2021-01-15 10:39:24 | JAN15 21 500 CALL | 3 | $2.900 | 0 |
| 2021-01-15 10:39:24 | JAN15 21 505 CALL | -3 | $1.117 | 0 |
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