On the morning of my $PYPL trade, I was closely watching the stock for potential movement. At 10:05 AM, I signaled to my followers that I was watching the $81C options contract. Shortly after, at 10:13 AM, I alerted my entry into the trade, buying the 11OCT24 81C contract at $0.90 with a starter position. This cautious entry allowed room to adjust and manage the position as the trade developed.
As $PYPL began to move, I followed my strategy of scaling out gradually. At 10:31 AM, I trimmed my position at $1.01, locking in early gains while keeping the bulk of the position in play. Less than 10 minutes later, I trimmed more at $1.08 and again at $1.15, securing profits while maintaining a portion of the trade for additional potential upside.
The following day, at 9:41 AM, I trimmed my remaining runners at $1.36, closing the trade at a solid profit. This methodical approach of scaling out and locking in gains allowed me to manage the trade effectively, minimizing risk while maximizing reward.
Disclosure: All trades carry risk, and past performance does not guarantee future results. This is not financial advice; please manage your trades based on your own risk tolerance and strategy.