Shared by
andrewb_bows
AAL was on watch for a rubberband short. Its a very thick stock and a move from $30-$50+ in a over a month is quite a bit. I was looking for weakness on pops to short resistances where I had manageable risk but could set up to see if it wanted to wash. The short off .46 was with intention of being patient and covering over $51 somewhere. I took shares off near .14 and reshorted .33 with a stop over the .4 resistance on all. That resistance ended up breaking and I could have scalped out more for .2 but I wanted a more sustained move and was willing to take that chance.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-05 10:41:28 | AAL | sell | $51.468 | short |
| 2014-12-05 10:41:28 | AAL | sell | $51.463 | short |
| 2014-12-05 10:41:28 | AAL | sell | $51.462 | short |
| 2014-12-05 11:15:28 | AAL | buy | $51.140 | short |
| 2014-12-05 11:15:28 | AAL | buy | $51.140 | short |
| 2014-12-05 11:15:28 | AAL | buy | $51.140 | short |
| 2014-12-05 11:29:03 | AAL | sell | $51.336 | short |
| 2014-12-05 11:34:09 | AAL | buy | $51.425 | short |
| 2014-12-05 11:34:09 | AAL | buy | $51.428 | short |
| 2014-12-05 11:34:09 | AAL | buy | $51.428 | short |
| 2014-12-05 11:34:09 | AAL | buy | $51.429 | short |
| 2014-12-05 11:34:09 | AAL | buy | $51.430 | 0 |
Comments
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Like how you stayed with this stock until you got what you was looking for on the other trade.