WDC - Possible Pullback, Short Term Put Gamble
Updated
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.
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.
Trade closed manually
I sold already. Made my $20 in 15 minutes and ran.Note
I bought same put 2 minutes before market close. It was down 77%, might as well take it.
Note
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.Trade closed: stop reached
Lost a bit.
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