Trade Recap for Monday 9/18/23

Green Day

Trade: $GOOGL 140c

  • Reasoning: inside day breakout

  • Entry on the contract: .89

  • Exit on the contract: .99

  • Profit in percent: 12%

Today, GOOGL was on watch for an inside day breakout over the 138.70 level. GOOGL was able to show relative strength for most of the morning and when it broke over 138.70 this is when I went long. Because of it being an FOMC week, I wanted to keep size light and focus on taking profits quicker than normal. This was the only trade taken today so ended the day with a small green day.