Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-US to provide $50B of stimulus to air line industry in order to avoid bankruptcies
-May 02 2020: Warren Buffet sold all air line stocks in portfolio
-Jun 04 2020: Leadership change, dozen officers leaving, reopening flights next month
-Jun 05 2020: Citron short biased tweets
-Aug 05 2020: Senator support for new $25B payroll assistance to Air Lines
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: N/a
Strike Zone: 13.13 - 13.16
Sizing (lots + emergency): 1000
Risk (stop / Rs): 13.19
Review / Lessons Learned
Target was 13.02 but it wasn't moving much, no panic when the 13.13 floor broke, gave it ample time to work but in the end I scratched it when it made a new micro HH, good scratch
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-31 13:54:41 | AAL | sell | $13.150 | short |
| 2020-08-31 14:37:55 | AAL | buy | $13.130 | short |
| 2020-08-31 14:37:55 | AAL | buy | $13.130 | short |
| 2020-08-31 14:37:55 | AAL | buy | $13.130 | short |
| 2020-08-31 14:37:55 | AAL | buy | $13.130 | short |
| 2020-08-31 14:37:55 | AAL | buy | $13.130 | 0 |
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