(1) GM price up after ER but the guidance is not so bright - China uncertainty + Strike impact (2) Morning made lower low 8:30-8:45AM LA time. (3) Entered Trade 38 Put for .35c, SL .20c (Reached, but did not sell, held til EOD,; Would have re-entered EOD at .25c) SL: .20c PT: .75(If strong momentum + Bot Consolidation, Trail Stop here), .90 RR: 1:2.67 , 1:3.67
Scenario 1: Break below 38.09 and reach PT
Scenario 2: Reach .20c SL, re-enter at break below 38.09 If no break below, Enter Call Debit Spread 39-40 or Credit Put 38 at Break of 38.7 HOD