New Trade: AMZN

Today, I bought 4 Jun 270 put options. 2 at $2.50 and 2 at 2.75. I set my loss limit at $2.25 and exit point at $4.00. Amazon is a quick moving stock so, I was in and out of this trade in one day. The option price was moving fairly quickly and only half my order was executed the first time so, I initiated another order to buy the other half at a different price. As a result this trade will be shown in two different transactions in the table below.

Here’s a look how I did:

# Shares or Contracts Purch Price Capital Out Sell Price Capital In Comm & Fees Gain / Loss

% Gain & Loss

2 2.50 500.00 4.00 800.00 10.00 290.00 58.0%
2 2.75  550.00 4.00 800.00  5.00*  245.00 44.5%

*Commission was charged twice on the two separate buy orders but, only once on the sell order.

My charts for this trade:

130516 WFM


7 thoughts on “New Trade: AMZN

  1. hi tela,
    your trades are awesome. great job on entry and exit..
    i am new to your journal. i was wondering what your trigger points are to get in and out. can you also describe your charts please… like the MA values. thx.
    p.s.. i am a newbie and just trying to learn.

    • Hi Jay!
      I am using the 20, 50, and 200 MAs. Before entering a trade I require a trend in my trade direction and all my indicators going in the direction of my trend at the same time. Once I have that I will enter the trade. I also determine my exit point (a $ amount) prior to entering the trade and it is dependent on how the particular stock moves and how well the trend has performed in the past.

      Have a nice trade!

      • hi tela,
        thanks for your response. can you also describe your other indicator settings please ? also, are you on twitter so i can follow you real-time ? jay

        • Jay,
          Unfortunately, I do not share the settings on the other indicators at this time as they are proprietary to a trading course I took. I do not have a Twitter account but, I do have a StockTwits account (MrsTela). I hardly use it as it adds to the number of trading tools I have to update/track (excel journal, blog, charts). I do however, try to blog my trades at every entry and exit. I am still working on simplifying my processes so, I may start to use StockTwits more in the future.

What do you think? Let me know in the comments!

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s