$19 Profit
SPYLong Option
Finally a nice win here, waited to see how it reacted to the Data release at 10am, then it tested the LOD and then broke and I continued to wait it out to see how it would react, it bounced and retested the previous LOD but didn't move much at all so I bought a put and stayed patient, VIX was spiking nicely at the time to confirm my thesis but I needed to be careful because of the V recoveries that SPY likes to make
Newsletters:TimChallengeTimAlerts
Broker:ETrade
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| Date | Price | |
|---|---|---|
| Entry | 3/1/2023 | 1.19 |
| Exit | 3/1/2023 | 1.38 |
- Total Views33
- Position Size1
- Percentage15.97%
- Option TypePUT
- Strike393.0
- Expiration3/2/2023
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