Plan: get into the falling index if it shoots up above open a bit and then drops below open showing weakness. Enter when stock price drops just below open with an ATM put, if stock goes above previous high of day then bail. Execution: Stock did as I predicted however instead of continuing to fall it went above HOD so I bailed with small loss.
Newsletters:TimChallenge
Broker:TradeStation
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| Date | Price | |
|---|---|---|
| Entry | 9/1/2022 | 2.65 |
| Exit | 9/1/2022 | 2.34 |
- Total Views57
- Position Size3
- Percentage-11.7%
- Option TypePUT
- Strike296.0
- Expiration9/2/2022
Proof
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