PINS Trade on Jan 25, 2021 10:51 from tradelikelarry: Tradervue User Stock Trades.

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Trade Planning:

Daily Chart: Uptrend, Consolidation below ATH.
TTM Squeeze: Daily
Earnings Date: 2/4
IV: 73%
Potential Profit: $178
Potential Loss: $552

Reason For Entry:

Playing the Daily chart, Put Credit Spread. Taking advantage of the pull back, PINS is consolidating below its ATH. We are betting that price action continues to consolidate above our profit level or make a move to new ATHs.

Reason For Exit:

At expiration, PINS closed above our profit level and we collected 100% of the premium.

Recap:

We took advantage of the pull back as PINS was in a pattern of consolidating below its ATH. Betting that price action continued to consolidate above our profit level or make a move to new ATHs. Price action maintained above our profit level at expiration and we collected 100% of the premium for the win.

Execution detail:

Date/time	Symbol	Side	Price	Position
2021-01-25 10:51:38	29 JAN 21 68 PUT	sell	$0.9700	short
2021-01-25 10:51:38	29 JAN 21 67 PUT	buy	$0.6900	long
2021-01-25 11:04:38	29 JAN 21 68 PUT	sell	$1.310	short
2021-01-25 11:04:38	29 JAN 21 67 PUT	buy	$0.9900	long
2021-01-26 11:45:07	29 JAN 21 68 PUT	sell	$1.130	short
2021-01-26 11:45:07	29 JAN 21 67 PUT	buy	$0.8600	long
2021-01-26 12:24:57	29 JAN 21 68 PUT	sell	$1.110	short
2021-01-26 12:24:57	29 JAN 21 67 PUT	buy	$0.8400	long
2021-01-27 09:48:50	29 JAN 21 64 PUT	sell	$1.990	short
2021-01-27 09:48:50	29 JAN 21 63.5 PUT	buy	$1.780	long
2021-01-28 13:20:37	29 JAN 21 68 PUT	buy	$0.9100	short
2021-01-28 13:20:37	29 JAN 21 67 PUT	sell	$0.5300	long
2021-01-30 12:57:37	29 JAN 21 68 PUT	buy	$0.0000	0
2021-01-30 13:03:38	29 JAN 21 64 PUT	buy	$0.0000	0
2021-01-30 14:07:37	29 JAN 21 63.5 PUT	sell	$0.0000	0
2021-01-30 14:19:07	29 JAN 21 67 PUT	sell	$0.0000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PINS&trade=26792636&end=20210224&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PINS&trade=26792636&end=20210224&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PINS&trade=26792636&end=20210224&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PINS&trade=26792636&end=20210624&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

PINS Trade on Jan 25, 2021 10:51 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

Reason For Entry:

Reason For Exit:

Recap:

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