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thefudawg

 

DDOG

Oct 1, 2020 09:39


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TW

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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