Today the market gave us a gift! It offered amazing risk reward opportunity and I took advantage of it. The trade today was on First Solar (FSLR).
I was in stockhaven chat room giving basically a play by play on fslr right before the big move.
Said FSLR is gearing on 5-15 min chart and second we break 26 we will squeeze to 27 and some change fast. That squeeze happened and gave you opportunity for at least 150% gain on weeklies if not more in 5-10 minutes. The daily chart was telling me today was the day be ready. I was semi ready. that pull back in the first hour of the day i got shaken i sold half my position. then i saw the gearing i purchased that position right back.
As i was watching the 5 minute chart and felt the move about to come i was 10 seconds late from taking a huge position on the 26 weekly calls at .50 for a quick scalp on that pop.
Some examples of options return on FSLR move Safest plays for weeklies u could have played 25 or 25.50 and gotten well over 100%
i still have monthly calls i sold all weekly calls. i will be trading weekly calls tomorrow if i like the price action. i still think we head to 30 by friday
i traded the 25 weekly from .50 to 2.05
the 25.50 weekly from .55 to 1.50
27 monthlies from .88 to 1.50 still have half position.
long term position i tweeted about jan 24 strike calls from 2.40 today hit 4.15 - still long these
No comments:
Post a Comment