Shared by
yoosh
Today we were gapping up large because AMD had good earnings which pushed the whole market higher.
After the first failed HOD retest I did not pull the trigger and decided to buy PUTS near the low of the day which is bad because the RR is trash.
I held all the way to HOD again which was making feel really uneasy and I did not want to cut my loss (which is bad because I should not have been in this trade in the first place). However I saw the HOD reject again so I bought some PUTS at resistance was really lowered down my average which was good. Once I got to break even I sold one of the puts and then sold the other for a small gain. If I had held, it would have been a bigger win
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-02 09:46:18 | FEB04'22 240 PUT | buy | $1.650 | long |
| 2022-02-02 10:10:04 | FEB04'22 240 PUT | buy | $0.7900 | long |
| 2022-02-02 10:18:20 | FEB04'22 240 PUT | sell | $1.220 | long |
| 2022-02-02 10:28:32 | FEB04'22 240 PUT | sell | $1.200 | 0 |
| 2022-02-02 10:56:27 | FEB04'22 240 PUT | buy | $1.510 | long |
| 2022-02-02 11:03:42 | FEB04'22 240 PUT | sell | $1.670 | 0 |
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