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just4tradin
Jan 25, 2024 8:38 PM

AFRM - Small short trade;  Short

Affirm Holdings, Inc.NASDAQ

Description

47 would been optimal short entry. Waited for the flag setup.
Took small put position, Target 30

Trade active

Still Holding, Today is option expiry day, not bothering today's moves.
My puts are next week's and Feb's.

Trade closed: stop reached

got stopped out

Comment

Got tempted with today's price action. Added a small short position , again.
if this closes below 40 this week, will size up.

Comment

Doubled down at open, will take profits as it accelerates to the downside.

Trade active

Took some profits off the table, and added few more short positions on the bounce. Will have tight stop loss from here as we are approaching demand levels.

Trade active

Closed most of shorts and out. Just runners left, probably will be done if it reverses from here.

Trade active

I just left few lotto size runners, chart turned bullish with bounce on VWAP. Now I’m curious about earnings.

Trade closed: stop reached

Closed left over runners as well.

Trade active

Wow.. Our Short trade is back , AGAIN !!

will wait and see how it opens tomorrow and plan the trade. It's back on the short watch list, let's see.

Trade active

Added a starter Short position with next week expiry puts.
If the trade works my way, will add more puts with Match Expiry. Usually this leg of downside moves fast, Probably like a 2-3 days to reach the target.

Comment

Booked some profits here.

If this closes below 39, Next week gonna be a gap down and straight down to our original target 30 in couple of days, IMO

Trade closed manually

I'm done with this, Off the short list for now.

Comment

Looks like this gonna crap out sharply

Trade closed: target reached

I’m gonna watch this for long side trades now. Wave 1 about to start, gonna see a surprise pop here.

Comments
yossiisrael
if you take a good look, you'll see it's forming a cup and handle
just4tradin
@yossiisrael True, it has all of the characteristics but just for a benefit of doubt went with a small starter short position. Below 40 can accelerate the pullback to 30’s
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