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Jan 14, 2022 13:00

ok overall today was a lower volume day atleast in the early part of the day.
slower choppy moves.
this Monday market is closed and it is a HOLIDAY. MLK JR Holiday.
I was a bit bias and been loving PUTS but the market at the open did wind up have a small run up. afterall in the evening overnight session we did have a nice sell off.
i did note that we were not able to even reach anywhere close to the previous day HIGHS and spx began to struggle at the 4660 key level zone area.

Trade- ok so i saw LOD broke (4625) but not realizing we were potenially creating a triple bottom which is bullish. for about 20 mins we kept rejecting the 4625 area and eventually broke down. anyways SPX didnt make it far to the 4615 area. i got out there. i noticed on days like this you have to catch these quick moves and just be out.

4615 is a big huge support bounce area. so my exit was a bit cutting it close.

Execution detail:

Date/time Symbol Side Price Position
2022-01-14 13:00:50 14 JAN 22 4600 PUT buy $5.200 long
2022-01-14 13:23:42 14 JAN 22 4600 PUT sell $5.500 0

Displaying SPY as a proxy symbol.

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