Spotify Technology S.A.
Short
Updated

SPOT Short

143
Earning 4/25/2023 before Market. (Miss)
Open GAP and ran into Supply Zone, sell pressure confirmed Supply Zone.

Short Sell 139
Stop 150
Target 117, 100

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.

Trade active
BuyToOpen 2023 Oct Put butterfly P85/105/125
Limit 2.60

No Stop in Option, 2.60 is the hard stop, which is the max loss.

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