Shared by
yoosh
This stock was gapping down big over the weekend and i had an overnight puts play which I sold.
Knowing that this was a bearish retest gap because the previous day was red and it was gapping down below multiple days of resistance. However my other observations have been that when something gaps down big it usually bounces, so I decided to try catch the bottom (emphasis on try).
I couldnt accept being wrong and kept trying and trying, however every bounce got sold into.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-10 09:38:25 | JAN14'22 287.5 CALL | buy | $0.9200 | long |
| 2022-01-10 09:41:02 | JAN14'22 287.5 CALL | sell | $0.9300 | 0 |
| 2022-01-10 09:44:52 | JAN14'22 287.5 CALL | buy | $0.8600 | long |
| 2022-01-10 09:49:02 | JAN14'22 287.5 CALL | sell | $0.7300 | 0 |
| 2022-01-10 09:49:45 | JAN14'22 287.5 CALL | buy | $0.7800 | long |
| 2022-01-10 09:50:33 | JAN14'22 287.5 CALL | buy | $0.8700 | long |
| 2022-01-10 09:55:16 | JAN14'22 287.5 CALL | sell | $0.7500 | 0 |
| 2022-01-10 10:15:44 | JAN14'22 287.5 CALL | buy | $0.7100 | long |
| 2022-01-10 10:16:20 | JAN14'22 287.5 CALL | buy | $0.6700 | long |
| 2022-01-10 10:25:45 | JAN14'22 287.5 CALL | sell | $0.7900 | long |
| 2022-01-10 10:30:15 | JAN14'22 287.5 CALL | sell | $0.6700 | 0 |
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