Description:
Price is meeting that broken-down upward sloping trendline established through July and August, as well as the daily supply zone @ 150.
Looking for swift reaction to close this position early next week.
Put Debit Spread
Levels on Chart
Entry on close < 150
SL >150
TGT - 143
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
10/29 148P
SELL
10/29 143P
Earnings next week is a risk factor.
Long put is ATM for max success rate.
Short put is at the target price for max profit potential.
Price is meeting that broken-down upward sloping trendline established through July and August, as well as the daily supply zone @ 150.
Looking for swift reaction to close this position early next week.
Put Debit Spread
Levels on Chart
Entry on close < 150
SL >150
TGT - 143
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
10/29 148P
SELL
10/29 143P
Earnings next week is a risk factor.
Long put is ATM for max success rate.
Short put is at the target price for max profit potential.
Operación activa
These were filled @ 1.45.Operación activa
Down 24% right now. That is a long wick over 150 here, meaning plenty of supply.Waiting to see if the close will be over 150 to trigger the stop.
This might be a close one.
Operación activa
Good close below 150, in the red.Nota
If AAPL closes above 150, I will be reversing position.Operación activa
Mark to Market is positive for the day, but I went ahead and closed out 2/3 of my position to manage risk going into earnings.Operación cerrada: precio stop alcanzado
Went ahead and closed the portion out at a loss. I will be running 10/29 lotto OTM long calls with the remainder of the credit received for closing.I will also be putting on Long Call Calendar Spreads for a normal position.
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Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.