Shared by
Financialfreedom5280
I traded MMM off the support at 163 from 3 days ago. I had great executions and overall traded it well holding it into the predetermined levels in my watch list. What did not work well was the options I traded. They looked liquid but pricing was literally horrible. I was up over $300 at some points in this trade and just couldn't get out of the options. Going forward I am only trading mmm as a swing.
Separately, I had 165 tagged as an inflexion point. I really should have taken a short trade on the opening range break of this level. Yesterday we traded to 52W highs in this name and I was really only thinking about a long trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-03-29 07:49:06 | APR1 16 162.5 CALL | buy | $2.140 | long |
| 2016-03-29 08:04:13 | APR1 16 162.5 CALL | buy | $2.410 | long |
| 2016-03-29 08:04:13 | APR1 16 162.5 CALL | buy | $2.410 | long |
| 2016-03-29 08:10:05 | APR1 16 162.5 CALL | sell | $2.130 | long |
| 2016-03-29 08:27:54 | APR1 16 162.5 CALL | buy | $2.170 | long |
| 2016-03-29 08:36:30 | APR1 16 162.5 CALL | sell | $2.080 | long |
| 2016-03-29 10:46:15 | APR1 16 162.5 CALL | sell | $3.000 | 0 |
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