VMT and VST

I am in call contract with VMT. Yesterday I prepped for today, and although I knew that it wasn't my best read, I still gave it a shot. What happened today?

Given that I saw an uptrend in VMT in last night's analysis, I waited the first 30 mins of the opening and later on I entered a call contract expiring on May 1 for a strike price of $130 at $1.61 – while the price did go up at some point during the day, it didn't break past $129.50 after the first 30 mins rally.

In the chart above, I have kept the identified uptrend in yesterday's analysis. As shown, we can definitely see that the price had momentum. Now, the price did remain pretty steady throughout the day. While I didn't panic exit, I did notice stability on the price. While I am still in contract, I don't plan on holding it for more than two days. I do think that the price will gap, though today the trading volume was low.

Secondly, while I didn't open any puts contract, I did use the same logic I've been using, except for the flip-side. Yesterday, I called out that VST would decrease. Let's take a look:

As shown above, the price did continue to go down and. I didn't open any puts, mainly because I wanted to test this angle. Yesterday, a sell put was at $3.85 for $157. Today, the same contract is at $5.15 which means I would've doubled and exited my this put contract.

So for tomorrow, I will exit my WMT, I don't want to hold because of theta and I also want to take profit and exit smoothly.

For tomorrow after I exit, I am planning to look at SHW, while it seems to be in a slight downtrend, I can see stock pushing up the price. I will see if there are other prospects in the morning. Otherwise, I want to dedicate my time to this open contrsct.