marvster2020Jul 23, 20 3:54 PM
Mostly good news, but reaction was sell off. Option basically worthless. I see 2 EOD squeezes forming. Will leave to check tomorrow. Likely loss due to time decay.
-$325 Loss
MSFTLong Option
Entry comments: Earnings play. Aftermarket dip, but earnings beat estimates. I'm expecting retracement to yesterday's high of 214.5 or more. We'll see tomorrow. Closing trade tomorrow also avoids day trade.
Exit comments: Full loss. Not entirely sure why. Good earnings and outlook, but overall market, maybe jobs or something, caused sell off. Was risky anyway with same-week expiration.
Broker:ThinkOrSwim
| Date | Price | |
|---|---|---|
| Entry | 7/22/2020 | 3.25 |
| Exit | 7/24/2020 | 0.00 |
- Total Views233
- Position Size1
- Percentage-100%
- Option TypeCALL
- Strike215.0
- Expiration
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