jay_beckner

I play poker and trade options, seeking edges from study, reflection and analytics.

#010 GOOGL Puts Closed Profit

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Trade Details: Sold to close 1 Nov 4th Alphabet Inc (NASDAQ:GOOGL) 815 put for $9.80 (in at $6.40 intraday), $974.47 total proceeds. The trade executed at 15:01:44 when the stock was approximately $809.65.

Return: 51.0% after commissions

Note: With a nice gain, technical deterioration and high overnight risk, I decided to close the position. While this wasn't intended to be an intraday trade, the MACD histogram contracted at 3 p.m., the stochastic indicator threatened a bullish cross and momentum turned upward. Also, the long tail on the last candlestick indicated buying activity. Those features are circled on the chart below.

Alphabet (GOOGL) chart showing buy/sell trades and technical triggers.

Alphabet (GOOGL) chart showing buy/sell trades and technical triggers.

Status: Account $2,261.43 | Q2 Return (40.9%) | Q2 Goal 59%

#011 SQQQ Calls

#010 GOOGL Puts