Shared by
kingsbayanalytics
BIG PICTURE
SPY: chop to start but over yesterday value area
QQQ: chop to start but over yesterday value area
IWM: n/a
INTRADAY FUNDAMENTALS
1D RVOL: 2 (I think)
CLEAR TREND: Y (Gap down yesterday; support turned to res. trend line at ~$337)
KEY LEVELS:
- BULL:
- BEAR: $326 (20m demand; not sure why I used 20m; not usual)
NEWS:
Massive FB outage following whistleblower news regarding suppression of hate speech
TECHNICAL ANALYSIS
- NEXT BIG RES OR SUP LEVEL:
- SHORT TERM: ~$337 (trendline mentioned above)
- LONG TERM:
TRADE MGMT
- READING TAPE: n/a
- WERE THERE ANY CLEAN LEVELS DAY BEFORE?
- REASON TO SELL
- PRICE TARGET
- NEARING ANOTHER KEY LEVEL
- SELLING PATTERN DISSIPATED
REVIEW
- HOW CLEAN WAS TRADE? B (I could have used tap to enter higher)
- POSITION SIZING Good & bad. Sizing up could have got me more
profit and less room to think about rest of size for other
worse trades.
PLAY TYPE
- 2ND DAY
- SELL THE NEWS
- OPENING DRIVE
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-10-05 09:32:19 | 8 OCT 21 325 PUT | buy | $3.700 | long |
| 2021-10-05 09:33:10 | 8 OCT 21 325 PUT | sell | $4.750 | 0 |
| 2021-10-05 09:52:56 | 8 OCT 21 330 CALL | buy | $5.650 | long |
| 2021-10-05 09:54:19 | 8 OCT 21 330 CALL | sell | $5.270 | 0 |
| 2021-10-05 09:55:51 | 8 OCT 21 330 CALL | buy | $5.850 | long |
| 2021-10-05 10:05:57 | 8 OCT 21 330 CALL | sell | $4.980 | 0 |
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