-already locked in profit on one of the spreads and this position is in March expiry
-can afford to hold this trade if market cycles lower since I have time and max loss to the downside is -$20 (or -$66 since the position has open profit of $46)
2019-01-27 15:44:43
-chart has been extremely bullish since the beginning of the year (bottomed out with 3 doji candles with buying pressure above ~$25 suypport zone)
-on Friday, stock gapped up and looked poised to continue momentum during session - entered into 3 lots of the Mar 55 call to continue to build out the March expiry in this name
2019-01-29 01:39:14
-stock began to top out as it approached $51 which very close to the bottom of the next pivot zone ($51.14)
-wanted to sell the 60 calls to eliminate risk but they fell short of where I wanted to sell (think I wanted to sell them for ~$2.40)
-began to scale out of the 55 calls once it approached and pivot zone (resistance)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-10 14:07:40 | MAR15 19 42.5 CALL | buy | $1.950 | long |
2019-01-10 15:56:44 | MAR15 19 45 CALL | sell | $1.760 | short |
2019-01-10 15:57:00 | MAR15 19 45 CALL | sell | $1.770 | short |
2019-01-11 10:39:17 | MAR15 19 42.5 CALL | sell | $3.500 | long |
2019-01-11 10:40:48 | MAR15 19 45 CALL | buy | $2.690 | short |
2019-01-25 09:48:35 | MAR15 19 55 CALL | buy | $2.270 | long |
2019-01-28 11:55:39 | MAR15 19 55 CALL | sell | $3.350 | long |
2019-01-28 12:02:29 | MAR15 19 55 CALL | sell | $3.350 | long |
2019-01-28 12:12:51 | MAR15 19 55 CALL | sell | $3.600 | 0 |
2019-02-06 10:04:08 | MAR15 19 42.5 CALL | sell | $6.390 | 0 |
2019-02-06 10:11:44 | MAR15 19 45 CALL | buy | $5.210 | 0 |
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