V DBL DIAG Sell80/buy82.5 Call, Buy80/sell72.5 Put 16 DEC 16

Trade Overview :

• Company: VISA(V)
• Strategy: Double Diagonal to Short

Reason for entry

I did not have Trade Apgar test in my tool box so this trade was essentially a gut feeling trade. Winning ratio was about 50% but good return to risk ratio. Also the chart showing divergent that the money flow is declining but the price keeps going up. Long term play to get some time value + volatility pla (low volatility now)

Entry Setup

Don’t have a good record on this one.

Charts

Trade Apgar Test

This score was determined after the trade was placed using ThinkOrSwim’s “On Demand” feature to go back in time and looked at the various indicators.

It clearly shows a very low Trade Apgar Test score. Should not have placed this trade in the first place.

• Author
• Recent Posts

Tony

I have been trading options since 2010 and have been testing and experimenting with various trading styles. Fundamental Analysis based, Technical Analysis based, Trend Following, Day Trading, Swing Trading, etc.

My primary option trading strategies incorporate volatility and I am constantly experimenting with various trading strategies to improve my PNL.

I hold two Master’s degrees (MSc and MBA) with career experience as a cancer research scientist and a digital marketer.

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