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TSLA hit the 1100 level and stalled and I bought an ATM put right about when it was trading at 1099. I can't short it on Thinkorswim, so options are the only way to play to the downside. I bought a TSLA put option earlier this week and it went well, so the experience gave me confidence to try again. It very quickly started going up in value and I scalped it for a nice profit. I sold it around the 1091 level, so probably made about 8 points of movement. I wasn't about to be caught upside down if there was a big green candle and a strong push over 1100. I knew there could be more of a downside move as well, but I could not pass the very quick profit.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2021-10-29 10:09:20 | 5 NOV 21 1095 PUT | 1 | $41.540 | 1 |
2021-10-29 10:10:56 | 5 NOV 21 1095 PUT | -1 | $45.000 | 0 |
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