This is another GAP and GO type trade but with a slight variation because it didnt just shoot right up and it wasnt really into a major resistance. This trade should have been much more profitable but the premiums were moving terribly as well. This one gapped into a supply zone more accurately and I took the trade based on a signal in chat not really as much on my own DD. I was watching it and had my levels drawn but I entered based on a signal from CC. I think what was interesting to me on this trade was that it hesitated at premarket high before it went so I is important to make sure to mark this level always anyway because it could be important to the trade plan. I also think i would trade these set up better with a good if then plan.
Fundamentals to note:
- Gapped into a resistance zone on great volume.
- Broke my level from premarket high and then flagged and exploded.
- Volume in the hour before the bell reached .5 million.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-09-29 09:39:11 | 1 OCT 21 27 CALL | buy | $0.9700 | long |
2021-09-29 09:39:20 | 1 OCT 21 27 CALL | buy | $0.9800 | long |
2021-09-29 09:43:58 | 1 OCT 21 27 CALL | sell | $1.070 | long |
2021-09-29 09:50:40 | 1 OCT 21 27 CALL | sell | $1.310 | 0 |
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