SIG Bearish inclined naked calls 15 July expiry

18 มิ.ย. 2022

Whats The Plan/Trade/Thought

• Signet Jewelers is a retailer of diamond jewellery. With the concerns of the recession, the cooling signs of the job market, layoffs in tech and the overall retail leadership cautiousness during the earnings. I think this is the right direction especially since it is following the larger market direction
  
• US retail sales also post the first drop in 5 months as auto purchases plunge and inflation bites
  
  Risk Mitigation
• Have two S&R lines before my strike at 69.49 and 65.35. If price breaks 69.49 (7% from strike) will have to start closing this position
  
  Imagine Yourself Taking The Other Side
• It just feels dangerous to be bullish especially since we have seen days where all sectors are red
  
  Look For New Information
• No new information
  
  How Do I Feel Now
• I feel confident about this trade
  
  Trade specs
• Sold 110 Calls @ 0.5
  
• Strike 75
  
• 29.33% to Strike
  
• BP Used: 66K
  
• Max Gain: 5.5k
  

16 ก.ย. 2022

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Yay!