Buying IWM calls for swing trade

2022年1月28日

I am using 30 and 5 min charts for my trade entry, but here is my context for the trade:
Daily chart:
> stochastic shows 3 %K dips below 20, and usually the third one happens as %D starts turning up. Rarely are there more than 3 dips, and you can see the same in Nov-Dec (rectangle). Think of it as a 5-wave move (3 dips, 2 rises) that then
> will have to wait for close to see if RSI makes a bullish divergence between today and 21 Jan.
Weekly chart:
> Though used less often, the 100ma (yellow) provides support for a bounce
> Price can move up to 198, and maybe the resistance at 208-210, which matches the daily 20ma

2022年1月28日

交易進行

I waited for the pull back when IWM pulled back to 191. Bought 18Feb 196 calls for $4.13

2022年1月28日

手動結束交易

Been busy - I am not convince of the relief rally yet, taking a hard look across 30m and daily timeframes on multiple stocks. Sold the calls for $4.35.

2022年1月28日

交易進行

My apologies,, I forgot to mention my other trade.
I like this drop in the afternoon if markets rise into close. I bought 18Feb 198 calls for $3.00.

2022年1月31日

手動結束交易

Wow did markets rise into close on Friday! I sold my calls this morning for $4.82 and $5.19. IWM may go higher but since a lower VIX and theta work against my long calls I chose to exit. I can always buy again.