Description
TMUS began its bear market following the major trendline break in August. It has now broken through major support at 108.5 established SEP - OCT of 20'.
The break through 108.5 is the signal for the entry, and also the stop loss for the position.
Using long puts to leave the downside open.
The level of the VIX right now is my primary concern in opening long option positions. I consider all of my positions risky, and manage risk accordingly.
Long Put
Levels on Chart
SL > 108.5
PT : 92
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/31 100P
R/R & Breakevens vary on fill.
Manage Risk
Only invest what you are willing to lose
TMUS began its bear market following the major trendline break in August. It has now broken through major support at 108.5 established SEP - OCT of 20'.
The break through 108.5 is the signal for the entry, and also the stop loss for the position.
Using long puts to leave the downside open.
The level of the VIX right now is my primary concern in opening long option positions. I consider all of my positions risky, and manage risk accordingly.
Long Put
Levels on Chart
SL > 108.5
PT : 92
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/31 100P
R/R & Breakevens vary on fill.
Manage Risk
Only invest what you are willing to lose
Trade active:
Filled @ 1.7
Trade closed: stop reached:
Filled @ 1, -41%
Position reversed.
Position reversed.
Trade active:
Reversed position with 12/10 111/116Cs @ 1.51.
SL @ 108.5
PT @ 116
SL @ 108.5
PT @ 116
Trade closed: target reached:
Filled @ 3.37, +123%
Trade active:
Solid retrace, to about the .618 Fib level.
Re-entering short here with 12/31 112Ps @ 2.15
Re-entering short here with 12/31 112Ps @ 2.15
Trade closed manually:
Moving on to other ideas.
Filled @ 1.1, -49%.
Filled @ 1.1, -49%.