Shared by
ricky_trades
060922
market still in range
been a few days like 9 days
in range
cpi numbers come out tomorrow
should give market direction overall
if we break below 4085 could see more downside
this morning we tested that area
risk off key area
get puts at supply
get calls at demand
wait to analyze price action and overall market sentiment though
while we have been sideways we are hitting the demands and getting weaker and weaker
vix is creeping up to high of day
will wait to 4070 for trade
better risk to reward
currently at 4075 ish area
making lower highs
bearish sentiment but slow action
1st trade we broke down
4070 and 4055
great trade
second trade wasnt as great
4040 level
i took a risk at a level were we reversed
but you can tell the pressure was on for selling
i didnt like how we consolidated and held that level
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-09 15:03:14 | 10 JUN 22 406 PUT | buy | $2.970 | long |
| 2022-06-09 15:05:55 | 10 JUN 22 406 PUT | sell | $3.300 | 0 |
| 2022-06-09 15:34:10 | 10 JUN 22 404 PUT | buy | $3.120 | long |
| 2022-06-09 15:41:48 | 10 JUN 22 404 PUT | sell | $3.280 | 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!