PEG setup, opening near ATHs. ON had strong earnings and was opening close to ATHs on the daily. We pushed at the open as sellers got fizzled out around 42. I took the premarket high break, but only after we pushed past it then pulled back and held the breakout point. Good entry here. Waited for us to push into 44 and wanted to catch a move to at least test near the ATHs around 44.40. We got the push and I started to scale out. Once we struggled a lot around the ATHs I just got flat as the spreads were not the best on this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-02 09:32:07 | AUG06 21 45 CALL | buy | $0.6700 | long |
2021-08-02 09:36:16 | AUG06 21 45 CALL | sell | $0.8600 | long |
2021-08-02 09:36:28 | AUG06 21 45 CALL | sell | $0.9100 | 0 |
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Nice trade!