Selling our DDOG call contracts.
Shares of tech stocks like DDOG are bouncing today which is good news for our position. However, DDOG didn’t rebound off support as quickly or with as much magnitude as I originally expected.
Today’s Fed meeting — with the board’s announcement at 2:00 EST and press conference at 2:30 EST — poses a risk to the market’s bounce. So with that risk in play, I recommend selling this bounce candidate.
We should be able to exit this position very close to our original entry point. Meanwhile, our other bullish positions are performing relatively well and leave us with plenty of exposure if the market continues to rebound.