$676 Profit
FLong Option
macddada

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.

000

DatePrice
Entry1/21/20220.559
Exit1/24/20221.235
  • Total Views121
  • Position Size10
  • Percentage120.93%
  • Option TypePUT
  • Strike20.5
  • Expiration1/28/2021
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