I don't typically short a stock that's down 20%+ in the pre-market but given the greater context (GM pulling out of the deal), the short scalp in NKLA made sense. The tape also supported it as it wasn't catching bids. Pretty quick 1%+ gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-30 09:30:20 | NKLA | sell | $21.920 | short |
2020-11-30 09:31:25 | NKLA | buy | $21.070 | short |
2020-11-30 09:31:33 | NKLA | buy | $21.300 | short |
2020-11-30 09:31:49 | NKLA | buy | $21.640 | 0 |
2020-11-30 09:33:54 | NKLA | sell | $21.440 | short |
2020-11-30 09:34:38 | NKLA | buy | $21.240 | short |
2020-11-30 09:34:59 | NKLA | buy | $21.500 | 0 |
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