Premarket plan: Following the downtrend on $AAPL, I'd take my entry with a Put Option at the $172.00 key level, with a stop-loss at the $172.50 level, and a take profit at the $171.00 level. I'd take my second entry at the breakdown of the Daily Open Price.
Projected R:R Ratio: 2:1
Actual R:R Ratio: 2:1
Stop-loss: $172.25 (Non-taken)
Entry level: $172.00
Take profit level: $171.50
Second entry: Daily Open Price -$171.73- breakdown
Trail-stop: None.
Plan respected? Yes.
What did I do different from my premarket plan? Took my exit earlier.
If I did not followed my plan, what could've or should've I done differently on this trade? Take my exit with only half of my position, and let the other run.
Comments: This trade was a good example of how I could only take half of my position out at the first target.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-08 10:30:12 | AAPL18 02 175 PUT | buy | $4.690 | long |
2022-02-08 10:34:25 | AAPL18 02 175 PUT | buy | $4.940 | long |
2022-02-08 11:01:27 | AAPL18 02 175 PUT | sell | $4.900 | 0 |
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