TRIP Bullish inclined naked puts 24 Feb expiry
Whats The Plan/Trade/Thought
It looks like in the short term traders will be more concerned about interest rates and the impact it will have. The sentiment now seems to be that recession will be a soft landing. I think we need to trade on this optimism at least for the next month.
Lets look at categories with strong fundamentals where money might flow into given it’s stability
Travel Services (Exclude Airlines) - As international tourism increases we can expect this category to start playing catchup
- Growing annual revenue since 2021
- Quarterly revenue is estimate to drop Q4 2022 and Q1 2023
- 7.56% Short interest
- D1 - Above 100EMA
- H1 - Above 100EMA
Risk Mitigation
21.61 This is the Trade Risk Point. If it breaks this, it means I was wrong on the direction
Can You Trade The Opposite Side (Y/N)
No
Trade Specs
Sold 510 Puts @ 0.21
Strike 20
17% to Strike
BP Used: 110k
Max Gain: 10.7k
It looks like in the short term traders will be more concerned about interest rates and the impact it will have. The sentiment now seems to be that recession will be a soft landing. I think we need to trade on this optimism at least for the next month.
Lets look at categories with strong fundamentals where money might flow into given it’s stability
Travel Services (Exclude Airlines) - As international tourism increases we can expect this category to start playing catchup
- Growing annual revenue since 2021
- Quarterly revenue is estimate to drop Q4 2022 and Q1 2023
- 7.56% Short interest
- D1 - Above 100EMA
- H1 - Above 100EMA
Risk Mitigation
21.61 This is the Trade Risk Point. If it breaks this, it means I was wrong on the direction
Can You Trade The Opposite Side (Y/N)
No
Trade Specs
Sold 510 Puts @ 0.21
Strike 20
17% to Strike
BP Used: 110k
Max Gain: 10.7k
コメント:
Only after entering this trade, did I realised that earnings was happening on the 14 Feb. To risk mitigate, I will exit on Monday and look for another openning
トレード終了: 利益確定目標に到達:
Yay!