On Thursday, Oct 10 I purchased two SOFI 15 NOV 24 9c @ $64 ($128 total).
ENTRY @ $8.72 (12:27pm, Thu, Oct 10) because I noticed SOFI had been undergoing a temporary recovery to the upside.
EXITs @ $9.99 & $9.93 - 1 contract - Profit taking at 120% ($64 -> $141), Mon, Oct 14 @ 1:18pm - 1 contract - 6% trailing stop triggered at 114% ($64 -> $137), Mon, Oct 14 @ 2:15pm
Total revenue: $278 || Profit: $150
This is a good point to grab profit because price is around the 0.214 fibonacci and there is a gap to fill to the bottom which increases the chances of the stop dropping below continuing its journey to the upside.
Trade closed: target reached
EXITs @ $9.99 & $9.93
- 1 contract - Profit taking at 120% ($64 -> $141), Mon, Oct 14 @ 1:18pm
- 1 contract - 6% trailing stop triggered at 114% ($64 -> $137), Mon, Oct 14 @ 2:15pm
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