double top around the 57 zone. uptrend penetrated once. looking for ~~ 40 in coming week or two.
positions: 11/26 48 put, 12/03 45 put, 12/03 55 put
Comment
⋅
increased above positions, added 12/26 52 puts.
Comment
⋅
closed 11/26 52 puts
Trade closed manually
⋅
dont like this move today. could see this back to 57+. closing
Trade active
⋅
this is breaking again with todays move. I got a tiny position of 48 and 55 puts; may increase tomorrow if we see follow through on this name in particular.
Comment
⋅
(12/3 55 puts, 12/17 48 puts)
Comment
⋅
increased size and legged into spread. position, while messy is now: -210x LCID 43 put 12/3 50x LCID 45 put 12/3 50x LCID 47 put 12/3 25x LCID 48 put 12/17 50x LCID 52 put 12/3 35x LCID 55 put 12/17
Comment
⋅
Mostly closed this out. still holding (till end of dayy) the 45 12/3 and 48 12/17's big hit!
@XiuNg, if it confidently breaks down i will get short again - and that'd end up being a triple top. but confidence in trade is low so it is better to sit out a bit and wait for another break - higher or lower. i prefer to trade the setups and if they dont work pretty quickly then i get out and look for the next one.