Tuesday, February 18, 2020

HSBC -7% option traded so wierd

Was wary of this bc strong support, but gap was so big. After wiggling, I got terrible fill on puts to preempt drop. It made the move I wanted, but the option didn't move. The spread opened up on the ask to my target (me!) but it didn't fill. The bid/asked continued to float without logic so I squeezed and dumped it.

Pleased with my judgement and management of crappy position. Peace!





Popular Posts

  • breakout yesterday?
    Yesterday we did get the break above levels. Right into the 50mas, but OK, there's going to be a lot of overhead levels from where we ar...
  • death by COIN
    What the heck, self!!? Opening trade, RUN was ok, in that I had a great setup and got my piece. Then I got all bunged up in COIN. Totally lo...
  • MU textbook 1 min trade +23% in 7 min
    Daily setup:  Gap above high flag Entry/play:  Trade above opening minute bar, using NEXT week calls. Management:  Initial stop below day ...
  • Monday glitches
    Lessons from the past few weeks... dramatic opens and the trading platform/s and/or trading servers can't handle it. Avoid big plays on ...