My first ever options trade.
I saw AMC breaking key support yesterday and this morning it was gapping up a little bit and I thought it would be able to bounce to a key level and reject and that is exactly what I did.
There was a point during this trade when I thought it was going to break HOD and I had my finger on the sell button for my contract and I think I was down about $30-$40 at one point. When I looks at the RR here, I would have lost $40 but had a potential of $140. The contracts did go all the way to $0.33 so I left moneey on the table but that is fine.
On another note, I bought my strike price at $20 which was a bit unreasonable, and realistically looking at the support level I should have choosen $27.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-12-02 09:39:00 | DEC03 21 20 PUT | buy | $0.0900 | long |
2021-12-02 10:45:18 | DEC03 21 20 PUT | sell | $0.2300 | 0 |
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