Shared by
tradelikelarry
Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: Daily
- Earnings Date: 2/2
- IV: 80%
- Potential Profit: $100
- Potential Loss: $2400
Reason For Entry:
- Playing the Daily chart, Put Credit Spread. This was a signal by Josh at RocketSpreads: Entered UPS 2/5 pcs (sell 135p/buy 130p) @0.25 credit UPS reports earnings tomorrow morning pm. Expecting strong earnings with the pandemic still among us and a lot of people continue to shop online. IV greater than 65%.
Reason For Exit:
- UPS beat on earnings and price action stayed pretty much flat. Closed the trade for 95% of the premium received or +$96.
Recap:
-
This was a signal by Josh at RocketSpreads: Entered UPS 2/5 pcs (sell 135p/buy 130p) @0.25 credit
UPS reports earnings tomorrow morning pm. Expecting strong earnings with the pandemic still among us and a lot of people continue to shop online. IV greater than 65%. UPS beat on earnings and price action stayed pretty much flat. Closed the trade for 95% of the premium received or +$96.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-01 11:27:04 | 5 FEB 21 130 PUT | buy | $0.2200 | long |
| 2021-02-01 11:27:04 | 5 FEB 21 135 PUT | sell | $0.4400 | short |
| 2021-02-01 11:49:03 | 5 FEB 21 130 PUT | buy | $0.2800 | long |
| 2021-02-01 11:49:03 | 5 FEB 21 135 PUT | sell | $0.4800 | short |
| 2021-02-03 11:00:19 | 5 FEB 21 130 PUT | sell | $0.0200 | 0 |
| 2021-02-03 11:00:19 | 5 FEB 21 135 PUT | buy | $0.0400 | 0 |
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