My thesis for this was a short into the bounce. This had 2 green days but technically they were red because each day closed below the previous day, and usually when the stock gaps up it gets wrecked.
My confidence was a bit shaken so i did not enter near the top, however when the breakout happened I entered and got shaken out when a key level started to base. From Previous expereince if it is not breaking down quickly get out. I took my small losses and left and am really happy with the trade. I did try renter, but managed to get the bottom and again cut mylosses quickly which I am super proud of.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-12-21 09:36:05 | DEC23'21 165 PUT | buy | $0.5200 | long |
2021-12-21 09:42:24 | DEC23'21 165 PUT | sell | $0.5100 | 0 |
2021-12-21 09:52:10 | DEC23'21 165 PUT | buy | $0.6200 | long |
2021-12-21 09:55:44 | DEC23'21 165 PUT | sell | $0.6300 | 0 |
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