Shared by
ricky_trades
i was watching spx
i saw that it had a nice run up in the morning
i felt a bit nervous to get in on the upside so i just waited for a nice pullback and reject
i saw the stock was rejecting at 4560 and 4550 area.
grabbed 1 put and my profit target was 4525.
i knew around that area it could reverse in which it had a nice reverse bounce play.
this trade felt good.
stock was making lower highs and the market internals were selling off a bit and headed towards.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-12-02 10:38:17 | 3 DEC 21 4450 PUT | buy | $11.300 | long |
| 2021-12-02 10:44:38 | 3 DEC 21 4450 PUT | sell | $14.300 | 0 |
Displaying SPY as a proxy symbol.
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