Market was extremely volatile pre-market and at the open which crushed my premiums in the first minute. I decided to follow the bear flag that was being created on the long term pre-market after /ES gapped up. Once /Es broke under the bear flag I got in at the re-test of the bottom of the bear flag where it would later reclaim the bear flag. It ended up selling off a few minutes later but execution could have been better. Not how I wanted to start the year but this is a recoverable loss so no need to be discouraged.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-01-03 08:31:13 | 3 JAN 23 3820 PUT | buy | $5.600 | long |
2023-01-03 08:31:49 | 3 JAN 23 3820 PUT | sell | $4.900 | 0 |
2023-01-03 08:36:23 | 3 JAN 23 3795 PUT | buy | $0.9500 | long |
2023-01-03 08:39:09 | 3 JAN 23 3795 PUT | sell | $0.6500 | 0 |
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