ZM - buy PUTS, the candles tell a story, check closing price

7 juil. 2020

Ask yourself, what do the last two candles tell me about buying and selling? A small doji that opened at 261, and then a higher open that went up and completely reversed to close at 261. If today's close is below 261 then I am holding overnight. I also see higher selling volume in recent days, stochastic %D turning down, and directional volume showing overbought.

7 juil. 2020

Transaction en cours

Sorry I cut off the last few candles on chart. Yiu can move chart to see. I bought weekly 255 puts at 2.90 when stock was over 261.

7 juil. 2020

Transaction en cours

My partial exit just triggered so I sold 2/3 of position at 2.60. Holding 2 contracts overnight - I can comfortably risk this capital overnight.

10 juil. 2020

Trade fermée manuellement

Sold last two yesterday for loss. For a number of stocks, people are willing to pay higher and higher prices and disregard valuation. technically, many stocks have a "straight up" trajectory. I am looking at 30-60min charts on many stocks to see if RSI has bounced off 50 line and price bounced up from 20sma. Puts work well on 5-15min timeframe for a pullback day trade.