Strat-MSFT Tuesday Daily Red Star Short Term Debit Put - 143-141
(1) Jedi contract news pushed the stock above the consolidation channel, formed Morning Star and = Distribution Phase done, Trade Phase begin
(2) Tuesday Opened lower than Prev. day close = Entered Position at the morning consolidation near Prev. LOD
(3) Successfully Break Prev. LOD, Consolidate and closed at Bottom 10%
(4) According to my strategy, the stock should reach 140.81 to close the gap tomorrow if Wed morning break below 142.65 LOD.
143 Put: .65c Entry, .50c SL, 2.0 PT.
1:9 RR
New Stop Loss tomorrow - Break above 143.27 EOD high
If- Wednesday Reach 140.81 and ends the day consolidating at Bottom 10% again, Roll over profit to 138 Put 11-1 or 135 Put 11-15(Less Risk).
(2) Tuesday Opened lower than Prev. day close = Entered Position at the morning consolidation near Prev. LOD
(3) Successfully Break Prev. LOD, Consolidate and closed at Bottom 10%
(4) According to my strategy, the stock should reach 140.81 to close the gap tomorrow if Wed morning break below 142.65 LOD.
143 Put: .65c Entry, .50c SL, 2.0 PT.
1:9 RR
New Stop Loss tomorrow - Break above 143.27 EOD high
If- Wednesday Reach 140.81 and ends the day consolidating at Bottom 10% again, Roll over profit to 138 Put 11-1 or 135 Put 11-15(Less Risk).
Note
Stop Loss triggered, Trade ClosedReturn +$20
Note
+4%
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Disclaimer
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.