$148 Profit
SPYLong Option
PREETrading

Trade #2 of exercise: Identified the recent high and low of the 60min chart ($610ish and $590.40ish respectively). Waited for a higher low to form, used as risk and got calls to trade onto the next resistance area (~$608). Took profits when it couldn't make higher lows to continue uptrend. Also considered the fact that AMZN has earnings after the market close on 2/6 and I don't want to have an open position through that.

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Broker:ETrade
DatePrice
Entry2/5/202512.21
Exit2/6/202513.70
  • Total Views24
  • Position Size1
  • Percentage12.2%
  • Option TypeCALL
  • Strike598.0
  • Expiration2/28/2025
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