Shared by
LMDTrading
Saw this trade late in the afternoon setting up a nice 5' buy setup so I purchased one call contract. My strategy is if I see a pattern that I would normally take a long position on I will purchase a contract with a Delta equal to my risk and will set my stop 2x my risk to give a little room and will expect 4R out the trade. This has been working very nice. Far less buying power out of my cash account being used and the reward is nicer than the long trade. Made 4R off this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-28 12:54:29 | 16 JUL 21 260 CALL | buy | $3.850 | long |
| 2021-06-28 14:37:23 | 16 JUL 21 260 CALL | sell | $4.900 | 0 |
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