This was not an ideal play. I was just trying to buy puts on the bounce because I missed the first crash. Realistically I should have been wathcing this for a second red day play because that would have payed nicely. Becuase I missed it I was trying to buy the boucnce. This was s clasic case of tryng to find the top and getting burnt. I am glad it was only small loss.
I should not have made this trade though so it was an uneccassary loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-12-29 10:27:48 | DEC31'21 177.5 PUT | buy | $1.090 | long |
2021-12-29 10:44:14 | DEC31'21 177.5 PUT | buy | $0.8900 | long |
2021-12-29 10:48:10 | DEC31'21 177.5 PUT | sell | $0.8600 | 0 |
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