BA Trade on Sep 29, 2021 10:12 from AtlasVanguardTrading: Tradervue User Stock Trades.

My entries look decent on this trade but I was too far OTM to make any money and I got crushed on IV when BA showed an OZ of weakness. Really not the best set up either because I was playing the HOD breakout but really I was forcing this trade and I am lucky I didnt get burned for more. BA looks great to swing if it breaks its downtrend but for this trade volume just continued to taper off all morning and BA chopped. Took my loss and move on! This was excellent risk management on a poor trade! I did not hit my stop!

Another perspective would be to say that I should have held through the pullback in anticipation of the launch that came later but I really had no indication that there was going to be a launch with the way volume was tapering and the price was falling. JackC claims that is a bullish indication in itself so really I am just confused about how to improve this but I know it starts with better options greeks.


Execution detail:

Date/time Symbol Side Price Position
2021-09-29 10:12:21 1 OCT 21 235 CALL buy $0.7500 long
2021-09-29 10:28:48 1 OCT 21 235 CALL sell $0.6000 0


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