Shared by
ryanhayes
UNH CEO announced older folks were going to want more elective surgeries and UNH dumped and lost a neckline (technically a 2/2 down on the year chart). Also, to defend, I completely screwed up this trade. I rolled in TastyTrade to the monthly, which was a bad idea because I didn't notice the spreads were 10 dollars wide instead of 5, so I collected a credit but severely increased my risk. Got filled on a pop to get out a little better than max loss on the original spread.
I could have defended this better, but also, I was just on the bad side of statistics. This was up about 40% max profit recently and debated booking but didn't.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-06-06 15:27:15 | JUN23 23 465 PUT | sell | $2.380 | short |
| 2023-06-06 15:27:15 | JUN23 23 460 PUT | buy | $1.780 | long |
| 2023-06-14 09:33:12 | JUL21 23 470 PUT | sell | $25.310 | short |
| 2023-06-14 09:33:12 | JUL21 23 460 PUT | buy | $18.500 | long |
| 2023-06-14 09:33:12 | JUN23 23 465 PUT | buy | $18.870 | 0 |
| 2023-06-14 09:33:12 | JUN23 23 460 PUT | sell | $14.090 | 0 |
| 2023-06-14 11:01:21 | JUL21 23 470 PUT | buy | $22.810 | 0 |
| 2023-06-14 11:01:21 | JUL21 23 460 PUT | sell | $16.860 | 0 |
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