SPY Trade on Apr 8, 2022 10:13 from ca_wzkd: Tradervue User Stock Trades.

Gravatar

Shared by
ca_wzkd

 

First ever real option trade using Supply and Demand zones that can be learned from here:

https://www.youtube.com/watch?v=SsKXY_-Lo-I&list=PLWQioWs8oOiFB5GK0cRVgMt7dyMVKVIc9&index=1

Used the 10 Minute demand zone from yesterday (04/07) at $446 @ 13:50pm. Bounced off that demand today @ 10:00am.

Mistakes: I should've waited for the price to come back to the imbalance area but I rushed it just barely on the purchase of the call. As a result, I got the option at $0.39 instead of ~$0.33

My goal was a bounce back to hourly supply zone near r/g $449 that was formed yesterday (04/07) but I saw 5 minute supply zone forming around 10:30am so I took profits before it can have a massive push from vwap to r/g and into supply around $450.


Execution detail:

Date/time Symbol Side Price Position
2022-04-08 10:13:00 APR08 22 450 CALL buy $0.3900 long
2022-04-08 10:36:00 APR08 22 450 CALL sell $0.5000 long
2022-04-08 10:37:00 APR08 22 450 CALL sell $0.5100 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in