Shared by
thefudawg
DDOG had a massive news yesterday with the MSFT Azure partnership, ran up from 90.92 and closed at 102.16 with high of 107.99. Had $105 set as the breakout level to run to $108. On top of that had the weekly and daily squeeze to show great strength
Was hoping to see day 2 continuation on this massive news and we saw it right at open. Held $99 perfectly and grabbed the $105s for this week and $110s for next - perfect entry. Broke through the 1m cloud early and 5m cloud about an hour in for $105. Locked along the way, wasn't able to hold $105 and breakout. So cut it, but it started to make another leg high and hover around $105 by 11:30am EST.
I still have the 10/16 $120c since this name should be pushing higher with this news catalyst.
Grade: A
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-01 09:39:06 | OCT09 20 110 CALL | buy | $1.080 | long |
| 2020-10-01 09:42:23 | OCT02 20 105 CALL | buy | $1.080 | long |
| 2020-10-01 09:49:57 | OCT02 20 105 CALL | sell | $2.000 | long |
| 2020-10-01 09:54:54 | OCT09 20 110 CALL | sell | $2.490 | long |
| 2020-10-01 10:07:59 | OCT02 20 105 CALL | buy | $1.650 | long |
| 2020-10-01 10:07:59 | OCT02 20 105 CALL | buy | $1.650 | long |
| 2020-10-01 10:24:27 | OCT02 20 105 CALL | sell | $2.200 | long |
| 2020-10-01 10:57:14 | OCT02 20 105 CALL | sell | $2.270 | long |
| 2020-10-01 10:59:18 | OCT02 20 105 CALL | sell | $2.020 | 0 |
| 2020-10-01 10:59:59 | OCT09 20 110 CALL | sell | $2.470 | long |
| 2020-10-01 10:59:59 | OCT09 20 110 CALL | sell | $2.470 | 0 |
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