DAL
Intraday Fundamentals
• Sector play.. reopening named
• BA sympathy
Technical Stats
Reading the Tape
I took the first trade on a stall near what was acting as the high print out of the open. I would also catch some weakness as this tried to bounce off 36.10 leading to the second trade.
Trade Management
Trade Notes
This was more or less a tape read short. I was risking the high with about 10 cents and took the partial at 20 cents holding the rest on the original stop. This would get stopped out. A solid momentum read at the open.
With the weakness at 36.40 and the a weak bounce off 36.10 after that rejection. I looked to short this if it couldn't reclaim .27 setting the at .37. This meant a little more risk than the first trade using the same stop. I targeted 20 and was looking for 40 cents on the rest. It would hold .82 on the tape with very little chance of getting filled there. leaving me out at .92 getting 30 cents on the remainder.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-10 09:36:56 | DAL | sell | $36.220 | short |
2020-11-10 09:40:16 | DAL | buy | $36.028 | short |
2020-11-10 09:43:58 | DAL | buy | $35.920 | 0 |
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