HD - swing PUTS, low risk

١٧ يونيو ٢٠٢٠

Notice both yellow rectangles show a sharp stochastic move during a small price pullback. The larger selloff (white line) ensued after a retracement. I am looking for the same thing to happen here. One difference though is RSI did not drop as much the second time, so I will be looking for it to move below 50 in support of this trade.
I bought 7/17 expiry 230 puts, on June 16. When I go this far out in time I have to be willing to hold through paper losses as long as the chart supports my position.
I did not set a stop on this yesterday. After seeing the first hour's price action today, my stop is above today's high for a partial exit.

١٩ يونيو ٢٠٢٠

ملاحظة

I will be holding HD puts into next week. Ratner than set a hard stop loss right now (I have time) I will watch chart and price next week to decide on holding or exiting.

٢٢ يونيو ٢٠٢٠

تم فتح الصفقة

Holding puts for now. Today was low volume compared to Friday. Next two days I will see what daily RSI and stochastic show me.

٢٤ يونيو ٢٠٢٠

تم فتح الصفقة

I bought 7/17, 230 strike puts a while back (for 2.89) and today am near break even. I am going to hold for stock to move down to 243-242, and 10sma on weekly chart.

٢٤ يونيو ٢٠٢٠

أغلقت الصفقة: تم الوصول للهدف

I am taking profits today. Stock has come down to 243, sold puts for 4.00