News from yesterday: "Mnuchin Says Deal On Coronavirus Bill Will Be Hard To Get Done Before Election But Will Keep Trying; Says Politics Are Getting In The Way Of Coronavirus Relief Bill" Big COVID panic from Europe thinking of another shutdown, no stimulus - market retraced yesterday. Got upgraded by Needham PT upgrade to $540, had a killer Conference yesterday detailing their growth.
Premarket - ZM had massive volume PM and and was showing incredible strength. Started to recover everything from AH and was green at open. Jumped in at open, $520s were $7.xx, but was able to get filled ~$6.20. Got out 3 minutes later at $9.9.
ZM came back down to VWAP, was looking for a bounce, re-entered due to sheer strength and 1M+ volume on the 15m candle. Got in at $8.3, broke our $520 level and scaled out half at $10.85. Pushed up again, but couldn't break $524 level so closed out at a nice $11.50.
Grade: A++
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-15 09:30:10 | OCT16 20 520 CALL | buy | $6.250 | long |
2020-10-15 09:30:10 | OCT16 20 520 CALL | buy | $6.200 | long |
2020-10-15 09:30:10 | OCT16 20 520 CALL | buy | $6.200 | long |
2020-10-15 09:30:10 | OCT16 20 520 CALL | buy | $6.200 | long |
2020-10-15 09:30:10 | OCT16 20 520 CALL | buy | $6.200 | long |
2020-10-15 09:30:10 | OCT16 20 520 CALL | buy | $6.200 | long |
2020-10-15 09:32:21 | OCT16 20 520 CALL | sell | $9.900 | long |
2020-10-15 09:32:21 | OCT16 20 520 CALL | sell | $9.900 | long |
2020-10-15 09:32:21 | OCT16 20 520 CALL | sell | $9.900 | 0 |
2020-10-15 09:40:29 | OCT16 20 520 CALL | buy | $8.300 | long |
2020-10-15 09:40:29 | OCT16 20 520 CALL | buy | $8.300 | long |
2020-10-15 09:41:56 | OCT16 20 520 CALL | sell | $10.850 | long |
2020-10-15 09:41:59 | OCT16 20 520 CALL | sell | $10.850 | long |
2020-10-15 09:42:14 | OCT16 20 520 CALL | sell | $10.850 | long |
2020-10-15 09:43:12 | OCT16 20 520 CALL | sell | $11.500 | 0 |
2020-10-15 10:17:00 | OCT16 20 530 CALL | buy | $9.550 | long |
2020-10-15 10:26:33 | OCT16 20 530 CALL | sell | $8.950 | 0 |
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