Sent the following Tweet 9:42am ET:
"Apple #AAPL gapped up and breaking to the upside. Exited our short position with a small profit. Details later."
We opened this morning with gap up right on the resistance level, and started climbing. Today is Thursday, and Thursdays have been trending days for the past few weeks. Experts who follow the Federal Reserve believe they are behind Fed Juice Thursdays.
Everything was just a little too Bullish to stay in this trade. We gave it a chance overnight to reverse back down but Apple preferred to bob on up instead. So I sold the June 125 Put at 9:41am ET for 3.25.
Summary:
Entry: 2.87 5/14/21
Exit: 3.25 5/20/21
Net profit (other than commissions) 325 - 287 = +$38.00 per contract.
No comments:
Post a Comment