I just realised I forgot to enter this trade. My thoughts below was written 28 Sep
Whats The Plan/Trade/Thought
Whats The Plan/Trade/Thought
- Forced, Because I need to hit the 5% target
- I don't have much options, this feels risky. I need to spend time coming up with proper ideas.
- I feel lazy and that I need to be serious since I am doing this full time
- ATVI looking at it as it is going down. There is a recent pull back but it is still bearish.
- ATVI has been moving the opposite of the Index or the VXX. It was also impacted by Evergrande's drop. But only recovered slightly with the market bounced
- If anything I see ATVI ranging near term
Imagine Yourself Taking The Other Side
- Do I need this trade? Since you feel it is forced and that you did not put in effort
- What if it rebounds up? Their last earnings was higher than the estimates
- Christmas is coming, this can boast interest in the stock
Imagine Yourself As A Neutral Observer
- The Other Side, also feels convinced that ATVI is bearish
- The key issue feels like no prep was done and it is a forced trade. I am not being professional
- Other Competitors in this space like EA have similar down trends (Feels like a sector drop)
Look For New Information
- Recently ATVI has negative news on the workplace culture and discrimination
How Do I Feel Now
- This is not a company that will fail entirely near term due to it's strong gaming titles that has a strong following.
- This is probably the last time I can/should trade this bearish move
Trade Specs
- Sold 80 CALLS @ 0.50 Strike 84
- % to Strike is 8.9%
- ATR % is slightly on the high side at 60%
- Max Gain: est $4000
ปิดการเทรด: ถึงเป้าหมายการทำกำไร:
Yatta!