Strat-MSFT Tuesday Daily Red Star Short Term Debit Put - 143-141
Updated
(1) Jedi contract news pushed the stock above the consolidation channel, formed Morning Star and = Distribution Phase done, Trade Phase begin
(2) Tuesday Opened lower than Prev. day close = Entered Position at the morning consolidation near Prev. LOD
(3) Successfully Break Prev. LOD, Consolidate and closed at Bottom 10%
(4) According to my strategy, the stock should reach 140.81 to close the gap tomorrow if Wed morning break below 142.65 LOD.
143 Put: .65c Entry, .50c SL, 2.0 PT.
1:9 RR
New Stop Loss tomorrow - Break above 143.27 EOD high
If- Wednesday Reach 140.81 and ends the day consolidating at Bottom 10% again, Roll over profit to 138 Put 11-1 or 135 Put 11-15(Less Risk).
(2) Tuesday Opened lower than Prev. day close = Entered Position at the morning consolidation near Prev. LOD
(3) Successfully Break Prev. LOD, Consolidate and closed at Bottom 10%
(4) According to my strategy, the stock should reach 140.81 to close the gap tomorrow if Wed morning break below 142.65 LOD.
143 Put: .65c Entry, .50c SL, 2.0 PT.
1:9 RR
New Stop Loss tomorrow - Break above 143.27 EOD high
If- Wednesday Reach 140.81 and ends the day consolidating at Bottom 10% again, Roll over profit to 138 Put 11-1 or 135 Put 11-15(Less Risk).
Note
Stop Loss triggered, Trade ClosedReturn +$20
Note
+4%
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