Shared by
yoosh
Pattern: bearish gap and go
Key Levels:
Thesis: Buy outs right at the open. This was gapping down on earnings and the last few days have been green with high volume, so there are heaps of people trapped.
I missed the first drop and gave it some time to enter. I took my profits really quickily though which was a bit dumb because I knew that we had a gap to fill all the way down to $129 but I did not have the holding muscles.
Once it got to $129 I was waiting for a bounce and i bought at key support and was able to ride the bounce for a nice gain.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-02 09:35:19 | FEB04'22 125 PUT | buy | $1.570 | long |
| 2022-02-02 09:40:03 | FEB04'22 125 PUT | sell | $1.720 | 0 |
| 2022-02-02 09:58:14 | FEB04'22 140 CALL | buy | $1.700 | long |
| 2022-02-02 10:10:59 | FEB04'22 140 CALL | sell | $2.260 | 0 |
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