With it being SPX 0 days i naturally size down a bit and with how choppy its been i wasnt willing to hold a runner or anything like that with this trade. I missed the initial flush of $3778 prior LOD. With the internals lighting up i really wanted to just jump in but i knew if i did and it turned quick to try to whick up and hold low of day i would've got smoked. So i just waited for the move back to the 1min 9ema for an entry internals were still sinking so i got in one tier as i breached the 9ema and then another as it held below then when spx made a new low of day i got flat and had just over a 30% gain in a few minutes. What i could've done better was give more patience on a tier at least because internals were still weak at that second in time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-15 10:11:26 | 15 JAN 21 3745 PUT | buy | $6.600 | long |
2021-01-15 10:13:36 | 15 JAN 21 3745 PUT | buy | $5.800 | long |
2021-01-15 10:18:14 | 15 JAN 21 3745 PUT | sell | $8.400 | 0 |
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