I didn't love this trade because the potential reward was low, and I especially didn't like it because I watched CLVS run last year in October/November over the course of a few weeks. Some of my friends made a lot money long on those trades and I remember them vividly...so it kind of turned me off on shorting CLVS.
In the end I stuck to the plan and executed properly. Result was a modest gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-27 08:43:51 | CLVS | sell | $5.500 | short |
2020-08-27 09:19:02 | CLVS | sell | $5.390 | short |
2020-08-27 15:30:23 | CLVS | buy | $5.140 | 0 |
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