WIN: 41.93% gain on Disney PUTS

Today was a great day, because I followed my risk management strategy and made some serious gains.

Thesis: Sympathy play with NFLX (which had just tanked due to poor subs growth)

Underlying Stock: DIS
Vehicle: PUTS
Thesis: Sympathy play with NFLX (which had just tanked due to poor subs growth)

BTO: JAN28 22 140 PUT @ $3.100

STC: JAN28 22 140 PUT @ $4.400
Gain: 41.93%

Nice to see Yahoo Finance comment on the stock that I traded…

It certainly was a “sympathy” thesis I played 🙂

Update:

So for the next two days, I played a similar strategy. I had some continued success.

Day 2: Info coming soon!

Day 3: I made a loss initially, and learnt some lessons. However, I exited at the right stop loss (albeit manual) and re-entered for a green day. I did sell too early however! And as I said, a couple lessons.

Lesson 1: Patience – I entered too early and should have waited for price action signal at 10m
Lesson 2: Patience, as I sold too early. The MACD on the underlying stock was showing massive selling, but I was just so happy to be green again, I sold. Bad.

Trade: DIS JAN28 22 133 PUT