TSLA holding $800 all night and this morning proved to me there would be a bounce of some sort. I started setting out feelers at the open as it was trading in a range. I even through out a put as a feeler even though my bias at this time is still bullish. Tsla ends up holding a bid at vwap, and the emas and price action get real tight all together showing me its going to make a move to upside or downside. so i get flat my feelers and i take an entry at vwap long $850 calls with me risking the last 1 min candle whick that spiked down (as it was a pretty big whick so it would end up me risking 2.5 points or about $300 on this trade. Right after this huge pop over $820.Price action got a little far from the 9ema with the market starting to weaken i exited seeing first 1min red candle over this $820 level. I start thinking for a re entry but the market ends up getting super weak and /nq and /es fall past open level and make new lows. As i would normally look for another entry as price action blows past $820 andthen pulls back into that level of interest the market overall weakness showing me not a good time to be taking more and bigger longs.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-11 09:30:56 | 12 FEB 21 850 CALL | buy | $3.440 | long |
2021-02-11 09:34:44 | 12 FEB 21 850 CALL | sell | $3.800 | 0 |
2021-02-11 09:38:14 | 12 FEB 21 800 PUT | buy | $7.800 | long |
2021-02-11 09:41:14 | 12 FEB 21 800 PUT | sell | $8.000 | 0 |
2021-02-11 09:42:41 | 12 FEB 21 850 CALL | buy | $3.970 | long |
2021-02-11 09:43:13 | 12 FEB 21 850 CALL | sell | $5.280 | 0 |
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