Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jun 25 2020: to receive Seven Year Quarterly Royalty Payment Stream from Pfizer for Sales of Rituximab Biosimilar
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Mountain
-Levels: 7.5, 8.5, 10, 11.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 8.5 level
Confluence: Half $, VWAP
Strike Zone: 8.7 - 8.3
Sizing (lots): 2
Risk (stop / Rs): Hold below 8.5
Review / Lessons Learned
Only took it with one lot and scaled out as I was ITM...
Lessons Learned: Always get to pre-planned size INSIDE OF THE STRIKE ZONE! Your planned size SHOULD NOT include emergency lots...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-25 10:07:29 | APVO | buy | $8.470 | long |
| 2020-06-25 10:07:30 | APVO | buy | $8.470 | long |
| 2020-06-25 10:07:43 | APVO | sell | $8.670 | long |
| 2020-06-25 10:07:43 | APVO | sell | $8.670 | long |
| 2020-06-25 10:08:07 | APVO | sell | $8.840 | long |
| 2020-06-25 10:08:07 | APVO | sell | $8.830 | 0 |
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