$676 Profit
FLong Option

Entry: Purchased small position over the weekend looking for continued market reversal on Monday. Goal is $.50 to $1.00. The open interest is ideal. It also moves in parallel with the $QQQ. Looking to cut loses quickly is markets move upward. Exit: Sold 1/2 position @ $1.22 and remaining position @ $1.25 after expectations were meet. It eventually reached $1.98. May buy Puts again if it looks like it can break multi-month support.
Newsletters:TimChallengeSuperNova AlertsWeekend TraderTimAlertsMillionaire Masters Program
Broker:TDAmeritrade
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| Date | Price | |
|---|---|---|
| Entry | 1/21/2022 | 0.559 |
| Exit | 1/24/2022 | 1.235 |
- Total Views121
- Position Size10
- Percentage120.93%
- Option TypePUT
- Strike20.5
- Expiration1/28/2021
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