Shared by
ldbobby
Grades
Plan - B - B just because not sure how much the XRP news would impact COIN. But COIN had just come off a big move and likely had a good amount of shorts in it.
Setup - A - Relatively good risk/reward with entry between 87-89 area and risk to 85.
Traded - A -
Size(S/M/L/TM[Too Much]) - L
Entry - A - Good entry when stock was at the 87-89 level.
Exit - B - Could've been better at using chart/price action to take exists. Reduce total number of trades. Good job rolling into further OTM strikes to lock in gains and protect capital.
Feelings - A - Wasn't sure how much the XRP news would impact the stock, but trade felt great after it held the 87 area.
Levels
95/85
Thesis/Plan
XRP news came in and I saw two big candles on the 5m. Evaluated that entered between 87-89 area with a risk to 85 and goal of 90-92 which was the recent high with potential to >95.
Good
Quick to access and jump in. Took profits along the way and rolled into further OTM strikes since price action showed good momentum and trend.
Bad
Slightly over traded. Could've held some of the initial 95c. Could've also gotten some contracts that expired this week since the move was so clean.
Summary
XRP news caused a spike in volume and price for COIN. Entry around 87-89 on Jul 21' 95c. Overall good trading.
How would you play this trade next time?
Held just a few contracts of original strike. Added more on dips that held. Can be more aggressive with this type of move.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2023-07-13 11:31:00 | JUL21 23 90 CALL | 6 | $4.560 | 6 |
| 2023-07-13 11:31:00 | JUL21 23 90 CALL | 4 | $4.550 | 10 |
| 2023-07-13 11:32:00 | JUL14 23 90 CALL | 1 | $2.400 | 1 |
| 2023-07-13 11:32:00 | JUL14 23 90 CALL | 5 | $2.400 | 6 |
| 2023-07-13 11:32:00 | JUL14 23 90 CALL | 1 | $2.500 | 7 |
| 2023-07-13 11:32:00 | JUL14 23 90 CALL | 1 | $2.500 | 8 |
| 2023-07-13 11:32:00 | JUL14 23 90 CALL | 1 | $2.500 | 9 |
| 2023-07-13 11:32:00 | JUL14 23 90 CALL | 1 | $2.500 | 10 |
| 2023-07-13 11:34:00 | JUL21 23 90 CALL | 10 | $4.600 | 20 |
| 2023-07-13 11:34:00 | JUL14 23 90 CALL | 9 | $2.330 | 19 |
| 2023-07-13 11:34:00 | JUL14 23 90 CALL | 1 | $2.330 | 20 |
| 2023-07-13 11:40:00 | JUL14 23 90 CALL | -1 | $2.710 | 19 |
| 2023-07-13 11:40:00 | JUL14 23 90 CALL | -4 | $2.710 | 15 |
| 2023-07-13 11:41:00 | JUL21 23 95 CALL | 10 | $3.420 | 10 |
| 2023-07-13 11:41:00 | JUL21 23 95 CALL | 10 | $3.450 | 20 |
| 2023-07-13 11:41:00 | JUL14 23 90 CALL | -5 | $2.900 | 10 |
| 2023-07-13 11:42:00 | JUL21 23 90 CALL | -5 | $5.600 | 15 |
| 2023-07-13 11:42:00 | JUL14 23 90 CALL | -2 | $3.320 | 8 |
| 2023-07-13 11:42:00 | JUL14 23 90 CALL | -3 | $3.320 | 5 |
| 2023-07-13 11:42:00 | JUL14 23 90 CALL | -5 | $3.300 | 0 |
| 2023-07-13 11:43:00 | JUL21 23 90 CALL | -5 | $5.900 | 10 |
| 2023-07-13 11:43:00 | JUL21 23 90 CALL | -5 | $5.950 | 5 |
| 2023-07-13 11:44:00 | JUL21 23 90 CALL | -5 | $6.100 | 0 |
| 2023-07-13 11:44:00 | JUL21 23 100 CALL | 4 | $3.330 | 4 |
| 2023-07-13 11:44:00 | JUL21 23 100 CALL | 4 | $3.330 | 8 |
| 2023-07-13 11:44:00 | JUL21 23 100 CALL | 1 | $3.310 | 9 |
| 2023-07-13 11:44:00 | JUL21 23 100 CALL | 1 | $3.330 | 10 |
| 2023-07-13 11:44:00 | JUL21 23 100 CALL | 10 | $3.320 | 20 |
| 2023-07-13 11:44:00 | JUL21 23 95 CALL | -5 | $4.740 | 15 |
| 2023-07-13 11:45:00 | JUL21 23 95 CALL | -5 | $4.600 | 10 |
| 2023-07-13 11:45:00 | JUL21 23 100 CALL | -10 | $3.220 | 10 |
| 2023-07-13 11:45:00 | JUL21 23 100 CALL | -10 | $3.270 | 0 |
| 2023-07-13 11:45:00 | JUL21 23 95 CALL | -5 | $4.640 | 5 |
| 2023-07-13 11:45:00 | JUL21 23 95 CALL | -5 | $4.630 | 0 |
| 2023-07-13 11:46:00 | JUL21 23 100 CALL | 5 | $3.200 | 5 |
| 2023-07-13 11:46:00 | JUL21 23 100 CALL | 5 | $3.200 | 10 |
| 2023-07-13 11:47:00 | JUL21 23 120 CALL | 10 | $0.9500 | 10 |
| 2023-07-13 11:47:00 | JUL21 23 120 CALL | 10 | $0.9500 | 20 |
| 2023-07-13 11:49:00 | JUL21 23 100 CALL | 15 | $3.450 | 25 |
| 2023-07-13 11:49:00 | JUL21 23 100 CALL | 5 | $3.250 | 30 |
| 2023-07-13 11:52:00 | JUL21 23 100 CALL | -1 | $3.700 | 29 |
| 2023-07-13 11:52:00 | JUL21 23 100 CALL | -5 | $3.600 | 24 |
| 2023-07-13 11:52:00 | JUL21 23 100 CALL | -4 | $3.700 | 20 |
| 2023-07-13 11:54:00 | JUL21 23 100 CALL | -5 | $3.770 | 15 |
| 2023-07-13 12:03:00 | JUL21 23 95 CALL | 5 | $4.300 | 5 |
| 2023-07-13 12:36:00 | JUL21 23 95 CALL | 15 | $5.950 | 20 |
| 2023-07-13 12:40:00 | JUL21 23 100 CALL | 5 | $4.100 | 20 |
| 2023-07-13 12:41:00 | JUL21 23 100 CALL | 5 | $3.700 | 25 |
| 2023-07-13 13:46:00 | JUL21 23 95 CALL | -5 | $6.950 | 15 |
| 2023-07-13 13:47:00 | JUL21 23 95 CALL | -5 | $7.200 | 10 |
| 2023-07-13 13:47:00 | JUL21 23 95 CALL | -5 | $7.200 | 5 |
| 2023-07-13 13:52:00 | JUL21 23 95 CALL | -2 | $7.200 | 3 |
| 2023-07-13 13:52:00 | JUL21 23 95 CALL | -3 | $7.200 | 0 |
| 2023-07-13 14:01:00 | JUL21 23 100 CALL | -1 | $5.750 | 24 |
| 2023-07-13 14:01:00 | JUL21 23 100 CALL | -3 | $5.750 | 21 |
| 2023-07-13 14:01:00 | JUL21 23 100 CALL | -1 | $5.750 | 20 |
| 2023-07-13 14:04:00 | JUL21 23 100 CALL | -1 | $6.150 | 19 |
| 2023-07-13 14:04:00 | JUL21 23 100 CALL | -2 | $6.150 | 17 |
| 2023-07-13 14:04:00 | JUL21 23 100 CALL | -1 | $6.050 | 16 |
| 2023-07-13 14:04:00 | JUL21 23 100 CALL | -1 | $6.150 | 15 |
| 2023-07-13 14:06:00 | JUL21 23 120 CALL | 10 | $2.030 | 30 |
| 2023-07-13 14:09:00 | JUL21 23 95 CALL | -5 | $8.600 | -5 |
| 2023-07-13 14:15:00 | JUL21 23 100 CALL | -5 | $7.050 | 10 |
| 2023-07-13 14:15:00 | JUL21 23 110 CALL | 1 | $4.200 | 1 |
| 2023-07-13 14:16:00 | JUL21 23 110 CALL | 4 | $4.200 | 5 |
| 2023-07-13 14:16:00 | JUL21 23 100 CALL | -5 | $7.450 | 5 |
| 2023-07-13 14:16:00 | JUL21 23 100 CALL | -5 | $7.150 | 0 |
| 2023-07-13 14:16:00 | JUL21 23 110 CALL | -5 | $4.050 | 0 |
| 2023-07-13 14:16:00 | JUL21 23 120 CALL | -1 | $2.330 | 29 |
| 2023-07-13 14:16:00 | JUL21 23 120 CALL | -1 | $2.330 | 28 |
| 2023-07-13 14:16:00 | JUL21 23 120 CALL | -1 | $2.330 | 27 |
| 2023-07-13 14:16:00 | JUL21 23 120 CALL | -1 | $2.330 | 26 |
| 2023-07-13 14:16:00 | JUL21 23 120 CALL | -2 | $2.330 | 24 |
| 2023-07-13 14:16:00 | JUL21 23 120 CALL | -1 | $2.330 | 23 |
| 2023-07-13 14:16:00 | JUL21 23 120 CALL | -2 | $2.330 | 21 |
| 2023-07-13 14:16:00 | JUL21 23 120 CALL | -1 | $2.350 | 20 |
| 2023-07-13 14:21:00 | JUL21 23 100 CALL | 5 | $7.200 | 5 |
| 2023-07-13 14:21:00 | JUL21 23 100 CALL | 5 | $7.000 | 10 |
| 2023-07-13 14:25:00 | JUL21 23 100 CALL | -5 | $8.150 | 5 |
| 2023-07-13 14:25:00 | JUL21 23 100 CALL | -5 | $8.160 | 0 |
| 2023-07-13 14:28:00 | JUL21 23 115 CALL | 5 | $3.700 | 5 |
| 2023-07-13 14:28:00 | JUL21 23 115 CALL | 5 | $3.700 | 10 |
| 2023-07-13 14:38:00 | JUL21 23 95 CALL | 5 | $10.550 | 0 |
| 2023-07-13 14:38:00 | JUL21 23 120 CALL | -2 | $2.460 | 18 |
| 2023-07-13 14:38:00 | JUL21 23 120 CALL | -1 | $2.480 | 17 |
| 2023-07-13 14:38:00 | JUL21 23 120 CALL | -1 | $2.480 | 16 |
| 2023-07-13 14:52:00 | JUL21 23 120 CALL | -8 | $2.390 | 8 |
| 2023-07-13 14:52:00 | JUL21 23 120 CALL | -1 | $2.440 | 7 |
| 2023-07-13 14:52:00 | JUL21 23 120 CALL | -2 | $2.440 | 5 |
| 2023-07-13 14:52:00 | JUL21 23 120 CALL | 5 | $2.400 | 10 |
| 2023-07-13 14:57:00 | JUL21 23 120 CALL | -5 | $2.230 | 5 |
| 2023-07-13 14:57:00 | JUL21 23 120 CALL | -5 | $2.250 | 0 |
| 2023-07-13 14:58:00 | JUL21 23 115 CALL | -10 | $2.750 | 0 |
| 2023-07-13 15:02:00 | JUL21 23 120 CALL | 2 | $2.350 | 2 |
| 2023-07-13 15:02:00 | JUL21 23 120 CALL | 3 | $2.350 | 5 |
| 2023-07-13 15:06:00 | JUL14 23 105 CALL | 9 | $2.660 | 9 |
| 2023-07-13 15:06:00 | JUL14 23 105 CALL | 11 | $2.660 | 20 |
| 2023-07-13 15:07:00 | JUL14 23 105 CALL | -10 | $2.890 | 10 |
| 2023-07-13 15:07:00 | JUL14 23 105 CALL | -5 | $2.820 | 5 |
| 2023-07-13 15:07:00 | JUL14 23 105 CALL | -5 | $2.820 | 0 |
| 2023-07-13 15:15:00 | JUL21 23 120 CALL | -5 | $3.490 | 0 |
| 2023-07-13 15:18:00 | JUL21 23 120 CALL | 5 | $3.600 | 5 |
| 2023-07-13 15:24:00 | JUL21 23 120 CALL | -1 | $4.500 | 4 |
| 2023-07-13 15:24:00 | JUL21 23 120 CALL | -1 | $4.500 | 3 |
| 2023-07-13 15:24:00 | JUL21 23 120 CALL | -2 | $4.500 | 1 |
| 2023-07-13 15:24:00 | JUL21 23 120 CALL | -1 | $4.500 | 0 |
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