ESZ0 Trade on Nov 9, 2020 15:52 from Marius: Tradervue User Stock Trades.

Markets opening gapping up and into ATH's with Pfizer vaccine news and Biden election win from the weekend. Notable positive news flow and looked like a blow off top. Buyers remain in control with many sectors like XLF, KRE, TNX, airlines, cruiselines, and hotels seeing a strong bid at the open. Worth noting the DXY strength against precious metals, JPY, and bonds yields weakness. This was suggesting the market pricing in a return back to normal along with less uncertainty theme.

Did go through some scans for individual stocks but couldn't detect anything notable to place positions on. I decided to go with a market play trade here seeing the extension and strength of the markets. Shorter-term into Wednesday to see if there are any other opportunities later in the week. The market was moving many of the stocks with the exception of XLK. This is notable because this was a stronger area earlier in the year. Still bullish rotation. VIX also decreasing notably.

Intraday Fundamentals

RVOL 1.415
AVOL 1.794
ATR 76.53

Options Statistics

SI 7.693
IV 25.07%
IVP 12%
P/C Ratio 1.613
VWAP 3604.775

Notable puts being bought at the ask and 0-20 delta.

Options Position Metrics

OI 648
Vol 12
Delta -.01
Theta -.57
Vega .11
Gamma .00

Further OTM strike as reversion on the daily trend looks to be forming strongly but buyers still on control. Filled at a lower than better price as EOD was volatile and OI was not as notable as other strikes.

Tape Reading

Noting the call buying in the early open but noticed the notable put buying at 3075. 500 contracts at .10 is a 2k premium but at a 76.8M notional value position. And this was being bought not sold.

Technical Analysis

Notable push into ATH's with fundamental market development. Starting to reimplement the volume profile data and now can use it as an extra edge in my TA. Noting 3400 as a notable area of volume in this chart. Seeing price reacts around such levels like vwap and inflection levels. Sometimes these coincide which make the area more of interest.

Recent example of price finding support at a recent high volume profile area on the 1hr.

Trade Review

Trade expired OTM and trade plan was executed as planned. I didn't get on the desk today as I overslept catching up on sleep missed over the past week. Alerts were set prior for trade decisions and checked in on mobile throughout the day.

Important to note that these option futures trades utilize a large size of my buying power. It did limit on another trade I put on yesterday which was also in my playbook and an A set-up. More details on the next trade review but going forward keeping in mind that I'm actively pushing my development this way. Having multiple trade ideas is great that capitalize on opportunity but will have to manage capital in an efficient manner. This will be key to keep growing.