SPY Trade on Jun 9, 2023 14:29 from KCA2TradingLLC: Tradervue User Stock Trades.

Trade Thesis: I noted the SPY price failed to hold above VWAP. Price was stuffed a few times back under VWAP. I also noted that each time it held above 430. When the price moved back above VWAP I waited.
My Plan: Move to Move
IF: Price stuffed below VWAP on Volume.
THEN: I will build into a position as the price pulls back into VWAP. I will use the 430 Puts, Exp 12 Jun. I will build in 10 contracts at a time, till I get 40-60 contracts.

IF: Price trades down to 430
THEN: I will take profit by exiting 10 contracts at a time unless I can see the price failing to hold above 430. If I exit down to 10-20 contracts I will set a stop and hold them for a larger move.
WRONG:
IF: Price did not continue down to 430
THEN: I will exit the position.
Execution:
Price stuffed on Volume below VWAP. I started building in at the bid when the price touched VWAP. I think my entries could have been a little better. Price continued down to 430, where I began exiting 10 contracts at a time. All my exits were above the 50% point of the bar, minus my stop. I think I would have done better with 75% of the bar, but the margin with the price was tight. Also, I held off a little so I could have as big of a position as possible if the price broke 430. Once I exited down to 20 contracts, I placed a stop and waited. I was tagged out before the larger move below 430.
Performance:
Overall, I am happy with my execution and profit-taking. Though I wonder if I could have gotten in closer to .89-92 on the contracts.