PRE-TRADE
Premarket plan: If $AAPL makes a reversal to the $142.50 level -200EMA in the 1H time frame-, then I will take an entry with a Put Option at this same level, with a stop-loss at the $143.00 level breakout, and a take-profit at the $138.00 level, where $AAPL would fill the gap left in the pre-market session.
Projected R:R Ratio: 1:9
Stop-loss: $143.00
Entry level: $142.50
Take profit level: $138.00
Second entry: None.
Trail-stop: None.
AFTER TRADE
Actual R:R Ratio: 1:9
Stop-loss: $143.00 (Non-taken)
Entry level: $142.50
Take profit level: $138.00 (Non-taken)
Second entry: None.
Trail-stop: $141.50
Plan respected? Yes.
What did I do different from my premarket plan? Nothing.
If I did not followed my plan, what could've or should've I done differently on this trade? Nothing.
Comments: I had to take my exit with a trail-stop, as $AAPL was going to take an uptrend direction, after it breakout at the $141.50. Good trade, excellent risk:reward opportunity.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-10-17 09:43:47 | AAPL28 10 125 PUT | buy | $0.6100 | long |
2022-10-17 11:48:24 | AAPL28 10 125 PUT | sell | $0.6400 | 0 |
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