Shared by
yoosh
I have been saying that I dont want to trade on Fridays, so this time I got up for power hour but this actually worse for me because the options are SUPER volotile.
Anyway I was buying puts at the green/red line, but this broke through. Instead of cutting my losses when I saw the level holding, I held my contracts and averaged down. I ended up just holding till they were worth nothing :(
Bad trade.
NO trading on FRIDAY at all unless they are next week expiration.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-28 14:40:52 | JAN28'22 215 PUT | buy | $0.4900 | long |
| 2022-01-28 14:42:03 | JAN28'22 215 PUT | buy | $0.3800 | long |
| 2022-01-28 14:49:00 | JAN28'22 215 PUT | buy | $0.2700 | long |
| 2022-01-28 15:15:24 | JAN28'22 215 PUT | buy | $0.0500 | long |
| 2022-01-28 15:15:24 | JAN28'22 215 PUT | buy | $0.0500 | long |
| 2022-01-28 15:15:24 | JAN28'22 215 PUT | buy | $0.0500 | long |
| 2022-01-29 02:03:51 | JAN28'22 215 PUT | sell | $0.0000 | 0 |
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