CGC Trade on Feb 21, 2019 09:42 from kerobo0000: Tradervue User Stock Trades.

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Shared by
kerobo0000

 

Rationale:
-CGC had news of restating the MD&A for Q4 2018 and was down in the pre-market
-IVR was still a bit elevated (56%) so decided to sell put credit spread
-on review, IV didn't even increase on the news but since IVR was high it still made sense to sell the credit spreads

Trade Planning
-add point: no additional adds
-stop loss: 2x credit
-take profit price / risk-reduction plan: 50% premium capture


Execution detail:

Date/time Symbol Side Price Position
2019-02-21 09:42:47 APR18 19 40 PUT buy $2.380 long
2019-02-21 09:42:47 APR18 19 42.5 PUT sell $3.350 short
2019-03-20 09:53:30 APR18 19 40 PUT sell $0.7100 long
2019-03-20 09:53:30 APR18 19 42.5 PUT buy $1.290 short
2019-03-20 10:32:24 APR18 19 40 PUT sell $0.6200 0
2019-03-20 10:32:24 APR18 19 42.5 PUT buy $1.090 0


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