Shared by
tradelikelarry
Trade Planning:
- Daily Chart: Uptrend, Consolidation below ATH.
- TTM Squeeze: Daily
- Earnings Date: 2/3
- IV: 95%%
- Potential Profit: $130
- Potential Loss: $2370
Reason For Entry:
- Playing the Daily chart, Put Credit Spread. This is a signal from Josh at rocketspreads discord. PYPL reports earnings after hours. PYPL is the future of payment services and it recently added support for crypto which should only boost its usage. We are expecting an earnings beat and iv I greater than 90%
Reason For Exit:
- PYPL beat on earnings and price action gapped up. Closed the position before expiration for 98% of the premium received or +$114.
Recap:
-
This was a signal from Josh at @rocketspreads discord. PYPL reported earnings after hours on the day we entered the trade. PYPL is the future of payment services and it recently added support for crypto which should only boost its usage. We were expecting an earnings beat and iv I greater than 90%. PYPL beat on earnings and price action gapped up. Closed the position before expiration for 98% of the premium received or +$114. Nice quick profit on a one day hold.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-03 10:46:00 | 5 FEB 21 217.5 PUT | buy | $0.4600 | long |
| 2021-02-03 10:46:00 | 5 FEB 21 222.5 PUT | sell | $0.7200 | short |
| 2021-02-03 10:47:57 | 5 FEB 21 217.5 PUT | buy | $0.4400 | long |
| 2021-02-03 10:47:57 | 5 FEB 21 222.5 PUT | sell | $0.7200 | short |
| 2021-02-03 12:33:33 | 5 FEB 21 220 PUT | buy | $0.4100 | long |
| 2021-02-03 12:33:33 | 5 FEB 21 225 PUT | sell | $0.6600 | short |
| 2021-02-03 15:48:38 | 5 FEB 21 217.5 PUT | buy | $0.3200 | long |
| 2021-02-03 15:48:38 | 5 FEB 21 222.5 PUT | sell | $0.5100 | short |
| 2021-02-04 09:48:18 | 5 FEB 21 217.5 PUT | sell | $0.0200 | long |
| 2021-02-04 09:48:18 | 5 FEB 21 222.5 PUT | buy | $0.0400 | short |
| 2021-02-04 09:48:18 | 5 FEB 21 217.5 PUT | sell | $0.0200 | 0 |
| 2021-02-04 09:48:18 | 5 FEB 21 222.5 PUT | buy | $0.0400 | 0 |
| 2021-02-04 14:46:54 | 5 FEB 21 220 PUT | sell | $0.0200 | 0 |
| 2021-02-04 14:46:54 | 5 FEB 21 225 PUT | buy | $0.0400 | 0 |
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