SIG Bearish inclined naked calls 21 Oct expiry

• Whats The Plan/Trade/Thought
  This trade rides on retails overall tightening as a reaction to the Fed and the Global central banks raising their interest rates
  
  Risk Mitigation
  
• The action at entry shows the price testing the bottom S&R line. I think we can expect more bearish movement from retail but otherwise we have enough space to the strike
  
  Imagine Yourself Taking The Other Side
  
• This trade is simply following the larger market movement. SIG has had good earnings and I believe is a pretty decent company. So going long is an option just not when the overall market is bear
  
  Look For New Information
  
• No new information
  
  How Do I Feel Now
  
• I feel normal, a bit affected by the other trade ICLN. But we do what we can and take what the market gives us.
  
  Trade Specs
  
• Sold 160 Calls @ 0.25
  
• Strike 70
  
• 30.24% to Strike
  
• BP Used: 87k
  
• Max Gain: 3250
  

Trade closed: target reached:

Yay!