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Lanmar
Sep 29, 2020 4:32 PM

*Day Trade* on ADSK with CALL OPTIONS Long

NASDAQ:ADSK15
Autodesk, Inc.NASDAQ

Description

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This is more for education on options. I pretty much never post my day trades, but please let me know if you're more interested in day trades in addition to position trades. I used Heiken Ashi candles because 15 minute candles on stocks are usually too messy. Heiken Ashi candles smooth out the price action so it'll be easier to visually see the structure.

Execution:
I bought Oct 16 232.50 calls for $8.31 (for those that don't know, each option contract is 100 shares, so that's $831 per option). I expect to be out of these by today, or no later than the end of this week.

Here is a link of the options contract: finance.yahoo.com/quote/ADSK201016C00232500?p=ADSK201016C00232500

I will post my profit or loss no later than October 16th (option expiration), but most likely by week's end (my expected exit).

This is a chart I posted the other day on the stock AEM that I also traded with options. I am still involved in the trade:


PLEASE LET ME KNOW IF YOU ARE INTERESTED IN LEARNING MORE ABOUT TRADING WITH OPTIONS JUST LIKE THIS IN THE COMMENTS SECTION.

Trade closed: stop reached

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Almost hit the target today but didn't reach it.
Stop on option triggered at $7.50.

Loss of $80 per contract.
Trend Analysis
Comments
Ken21
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Definitely would like to learn more about options. Thanks for the info. Plan on just watching the trades.
Ken21
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@Ken21 do you typically trade options that are in or near the money?
Lanmar
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@Ken21, thanks ken. Typically out of the money but it depends on risk/expected price targets in x time frame, etc.
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