Trade Detail
julianlopez0421lol@gmail.com's SPY3FEB2023PUT408 Trade 1.00
Trade Details
- Published
-
Feb. 4, 2023, 8:35 p.m.
- Status
- CLOSED
- Portfolio(s)
- Broker
-
None
- Asset
-
Option
- Option Type
-
Call
- Option Strike
-
408.0
- Option Expiration
-
Feb. 4, 2023
- Option Name
-
SPY3FEB2023PUT408230204C408
- Symbol
- Type
-
Long
- Pattern(s)
Auto-generated Chart BETA
Notes
Thesis: Rally into daily supply where we have seen a huge selloff everytime we hit that area, put higher lows and lower lows for a selloff targeting buyers that we saw on FOMC day at 4035. Also wanted to see VX to rally off weekly demand.
Market Context: We saw ES putting in higher lows and lower lows at supply and saw a small rally from VX. TAPE was pretty dry and had nothing of interest.
Where/Why did I enter: I entered off a third retest of the higher low continuation as I was confident that we would show a strong selloff after failing to break highs.
Where/Why did I exit: I exited after I saw that we could not see aggresive selling continuation at the lows. I moved my stop loss where I could be breakeven and prevent the trade from going against me. The TAPE was really empty and dry so that is why I moved the stop loss.
How can I improve: I believe it was a solid trade and especially noticing that the tape was really slow and empty was a good indication to move the stop loss for a breakeven trade. I would have not liked to take a long trade at supply.
Transactions
Date | Side | Amount | Price | Commission | Reg Fee |
Feb. 02, 2023 10:05:04 | Entry | 1.0 | 1.0 | 0.0 | 0.0 |
Feb. 02, 2023 10:15:14 | Exit | 1.0 | 1.01 | 0.0 | 0.0 |