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- Trade Recap for 7/27/23
Trade Recap for 7/27/23
Trade with Dan
July 27, 2023
Trade 1: $TGT 8/4 137c
Reasoning: Daily consolidation
Entry on the contract: 1.85
Highest Exit on the contract: 2.6
Profit in percent: +40%
Explanation
Today, TGT Was able to get the gap up over 135.50, held this level on the gap up and made a move into the 138-138.50 range before pulling back into the close. I took the trade due to the fact, TGT has been gravitating towards 135.50 for the last week and showed strength above 135.50 today.
Chart:
Trade 2: $NVDA 375c
Reasoning: relative strength
Entry on the contract: 2.92
Exit on the contract: 5.00
Profit in percent: +71
Explanation
NVDA was showing relative strength this morning following the 10 point gap up. NVDA was consolidating all morning in the range of 470/466. When NVDA broke over 470 then I took a position on the 475c for a push towards 475-480. NVDA topped out near 475 but not before giving us a profit of 71% at the highs.
