gamgam's RIOT Trade +$3.95

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Trade Details
Published: May 08, 2023
Status: Closed
Broker: Webull
Asset: Option
Symbol: RIOT
Type: Long
Option Type: Put
Strike: $9.50
Expiration: May 12, 2023
Name: RIOT230512P9.5
Portfolios: Default
Performance Metrics
Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $
0.22 0.26 $0.05 1.0 $0.22 18.18% $3.95
Transactions
2 entries
Date Side Amount Price Commission Reg Fee
May 08, 2023 09:00:00 Entry 1.0 $0.22 $0.00 $0.00
May 08, 2023 09:40:00 Exit 1.0 $0.26 $0.00 $0.05
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Notes

Bearish pennant on higher time frames ( 1 Day, 4 Hour, and 1 Hour timeframes). The market was relatively weak today along with rising IV due to CPI coming up and, specific to RIOT, earnings tomorrow, adding volatility. RIOT gapped down pre-market and was very weak on the day, it then broke the pennant along with a zone with relative ease and high volume. I entered puts here and it pulled back upwards immediately, but it didn't tap my stop loss which was right above the bottom of the zone, so I held through. Ended up going down and I closed the position for about +15-20%




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