This morning, I checked the pre-market and it was about flat. There was no crazy move, some stocks were up a little and some were down. Yesterday, SPY was pretty much just ranging with a slight downtrend. SPY has come down a lot in the past couple of days, so I was hesitant of calls and puts! I decided to wait and see what the first candles looks like. When the market opened, the first 2 min candle was a strong green one that wicked a little bit at VWAP. I tried to get in a call but did not get filled. The next 2 candles were green as well and got above the VWAP. Tesla, Amazon, and Apple were all going green at this point. I was now leaning towards calls. SPY had a little red candle that came down to VWAP, and I decided to buy in to 15 spy contracts at 0.80 here. My position size was about $1200. I had a mental stop loss in mind of 0.60 as that would be -$300. I did not want to buy one SPX contract today because I had to buy quite OTM that usual to get filled at 12.00. SPY bounced off the VWAP after I got in and had a strong green candle. I set my sell limit at 1.05, and I got filled. I did not want to hold this any longer because the green candle was so large and it was coming up to a level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-17 09:36:55 | 17 JUN 22 372 CALL | buy | $0.8000 | long |
2022-06-17 09:37:00 | 17 JUN 22 372 CALL | buy | $0.8000 | long |
2022-06-17 09:41:35 | 17 JUN 22 372 CALL | sell | $1.050 | 0 |
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