Trade Journal
Date:
2021-10-11
Option Details:
15OCT21 167.5C
Big Picture
SPY:
Opened at Friday close, significantly under POC
Intraday Fundamentals
1D RVOL: 1.6
Clear Trend?: Y;
Gap up
Key Levels
Bull: $167
Bear: $164
News:
Capital increase (Yanni)
Technical Analysis
Next Big Sup/Res Level: $167 SUP
Trade Mgmt
Reading Tape: Y
Reason(s) to Sell
Intraday Trend Broken?: Y
Buying Pattern Dissipated?: Y
Review
How Clean Was Trade?:
C;
False reversal at PM L level;
Got out fast enough for small loss,
then re-entered at stronger bounce level.
Position Sizing:
Bad;
Used a lot of limited buying power
(not all funds settled due to bank closure).
Play Type
Supply/Demand: 1D Demand
Summary
Incorrectly thought PM Low would be bounce level.
Instead of scaling in further at stronger $167 level I stopped out defensively.
I think this was a good stop because trading day like this (holiday, banks closed but still trading) is usually low vol (Mike-AMU))
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-11 09:32:54 | 15 OCT 21 167.5 CALL | buy | $4.950 | long |
2021-10-11 09:36:27 | 15 OCT 21 167.5 CALL | sell | $4.510 | 0 |
2021-10-11 09:41:56 | 15 OCT 21 167.5 CALL | buy | $4.050 | long |
2021-10-11 09:50:39 | 15 OCT 21 167.5 CALL | sell | $4.950 | 0 |
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Nice trade