Daily Triangle Play here. If close above 32.11 I'd look long. If break 30.38 or even daily close below 30.65 I'm looking short. The play will likely develop prior to earnings 7Sep22. Will trim most of the position before end of day 7th. May leave some runners for after earnings only if I'm green on the play. This could run hard either direction. I'll set stops at the apposing number from listed above. If it gaps out of the listed range I'm likely OUT.
Trade active
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Not the direction I thought, but you play the hand that your delt. Let's ride on the short side.
Comment
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Plan is to close these $25 Puts 9/7 during the day some time. Entry price was good at 0.50. So if I can get out around $2 this will be winner!
Trade closed manually
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Missed the prime exit. Should have closed this trade yesterday. Got out at 1.80 Trade Review/ Lessons Learned: Relatively good trade overall. Got greedy at the end and lost 20 per contract. Have a plan and get out when the getting is good.