Symmetrical Triangle on $PRTS Daily Chart

2020年10月10日

Breakout to the upside anticipated sometime next week (around 5 trading days or less)

2020年10月13日

注释

Happened in 2 trading sessions. Strong breakout on higher relative volume. Mid-term (1-3 months) PT: 22.92

2020年10月14日

交易开始

OPTIONS
entry PRTS 15 20 Nov 20 Call 100 @1.05 average
current gain: 23.81%

2020年10月16日

交易开始

-33%

2020年10月18日

注释

Next trading couple session anticipate reaching 14.75 (PT for this trade)

2020年10月19日

注释

Looks like prices are consolidating. In the context of a volatile market, PRTS has slowed down while not giving back much of the gains from the breakout bar.

2020年10月27日

交易手动结束

Decided to close this position because markets have been volatile and expiration is less than a month away. Small gain --> sold options @1.10.

Price did reach my short-term PT of 14.75 (today's high was 14.90).

Perhaps was overly cautious with this trade.