WDC - Possible Pullback, Short Term Put Gamble

3 Ara 2020

I'm a bit scared to make this play, because if this thing breaks out, I lose.

But a backtest is possible, and it might even break the slant support trend line.

Hopefully it pulls back tomorrow, so I sell and leave.

I have a 12/11 $48 put, break even 47.05.

3 Ara 2020

İşlem elle kapatılmış

I sold already. Made my $20 in 15 minutes and ran.

4 Ara 2020

Not

I bought same put 2 minutes before market close. It was down 77%, might as well take it.

5 Ara 2020

Not

Interestingly enough, I think this would have been the perfect time to consider a dual option play - call and put with same strike. Traders may call this a 'straddle'. Not the way I'd like to play though.

14 Ara 2020

İşlem kapandı: durdurma seviyesi

Lost a bit.