NVDA Trade on Dec 16, 2019 10:16 from kerobo0000: Tradervue User Stock Trades.

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kerobo0000

 

Daily Report Card
-morning prep: A
-market prep: A
-stock prep: A
-level of focus: B (found it really difficult to focus in on tape)

Rationale:
-this name should have been on my watchlist given analyst upgrade on Friday and NVDA also closing at highs; was not aware of the analyst PT increase (catalyst) in real-time
-sweeper order - short dated but strike ITM:
9:43AM NVDA SWEEP DETECTED:
760 NVDA Dec 210 Calls $16.15 ASKSIDE [MULTI] 09:42:35.841 IV=41.4% +6.9 MPRL 3 x $16.00 - $16.20 x 2 BXO Volume=5055, Premium=$1.23m

Trade Strategy:
-find bullish chart pattern to enter long

How much risk should/did I take?
-227-250; 2% of NLV
-only entered 1 tier as I ease back into trading

Recap / Trade Management:
-NVDA chart did not look bullish off the open but I continually tracked it given how bullish the market was and how big the sweeper was
-noticed NVDA holding higher around 10:10, then price broke back into PM range and began holding above VWAP
-entered here with a stop below PML (roughly 30cent of risk)
-target was PMH and 227.50 (option strike)

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What did I do well?
-watch the tape while I was in the trade, noticed areas where tape was trading within a range sort of chopping around
-ease back into trading with small size, only put 1 tier on

How could I have traded this better?
-stayed engaged; more opportunities presented themselves as price boucned off PMH; note the steep move down to PMH provided the best bounce opportunity

What did the tape look like during the most important moments intraday?
-saw a lot of size on the bid, once saw up to 50k shares
-noticed that bidder was also stepping up as price made the move up

Where could I have been responsibly bigger?
-on my initial entry

Gain/loss relative to expected gain/loss:
-net gain of $36; in-line with expectations


Execution detail:

Date/time Symbol Side Price Position
2019-12-16 10:16:01 DEC20 19 227.5 CALL buy $2.180 long
2019-12-16 10:34:27 DEC20 19 227.5 CALL sell $2.540 0
2019-12-16 10:43:25 DEC20 19 227.5 CALL buy $2.520 long
2019-12-16 10:58:24 DEC20 19 227.5 CALL sell $2.560 0


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