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 |
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