Trade Detail

gamgam's RIOT Trade 3.95

Trade Details

Published: May 8, 2023, 2:46 p.m.

Status: CLOSED

Portfolio(s): Default,

Broker: Webull

Asset: Option

Option Type: Put

Option Strike: 9.5

Option Expiration: May 12, 2023

Option Name: RIOT230512P9.5

Symbol: RIOT

Type: Long

Pattern(s)

Featured Image / Proof

Image of TradeJournal User: gamgam, Symbol: RIOT, Status: Closed trade

Stats

Entry CPU	Exit CPU	Fees	Max Amount	Max Cost	P&L %	P&L $	P&L With Fees
0.22	0.26	0.05	1.0	0.22	18.18%	4.00	3.95

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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%