Hey what's up ya'll! I hope you guys are doing well. There are many companies that are reporting earnings this week (DKNG is reporting next week Thursday, Nov 7).
I'm still debating whether or not to hold contract passed earnings since it may cause a drop and I would rather exit then to hold. If I'm up at least 15% on the contract I'll put a trailing stop loss.
Contract purchased: - 17 JAN 25 40c (down -5%)
Entry Price: - $37.22 @ 3:34pm
Rationale for contract: - Price appears to have hit a support around $36 (previous resistance) - Price hit the all-time 0.618 bullish Fibonacci - MACD curling up; blue line approaching the orange line that indicates bullishness - RSI @ 46; near the medium line of 50
Conclusion: If price goes below the previous weekly low at $36, I'll cut. If price hits $41 before earnings, I'll sell or put a 5% trailing stop loss.
交易结束:到达止损
Got burned, but thats okay.
BOT one DKNG 17 JAN 25 40c at $258 and sold at $205 ($53; -21%).
I sold when it went below $36 and didn't make it back up above it.