$SPX Trade on Dec 3, 2021 09:50 from ricky_trades: Tradervue User Stock Trades.

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ricky_trades

 

Today's market really presented opportunity.
With news of the new Covid variant getting into other states i was paying close attention to market price action.
as my mentor Patty said this is where you can really capitalize on moves to the downside.
i waited for the open to see if the 4600 would hold and it didn't.
i saw the market internals were also failing to continue in trying to stay above previous day highs.
i saw the heavy selling pressure and the tape (THE BID)kept showing the ask was lower than the price presented.
i took 3 scalps to the downside.

i did note certain levels for potential bounces like 4550 and 4525.
seeing lower highs and market momentum gave me confidence to execute my trades.
direction and momentum is what we need for option contracts to work out well.


Execution detail:

Date/time Symbol Side Price Position
2021-12-03 09:50:10 3 DEC 21 4550 PUT buy $10.700 long
2021-12-03 09:51:14 3 DEC 21 4550 PUT sell $13.700 0
2021-12-03 09:53:51 3 DEC 21 4530 PUT buy $11.200 long
2021-12-03 09:54:46 3 DEC 21 4530 PUT sell $12.700 0
2021-12-03 10:42:00 3 DEC 21 4500 PUT buy $9.400 long
2021-12-03 10:43:48 3 DEC 21 4500 PUT sell $10.400 0

Displaying SPY as a proxy symbol.


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