Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 20 2020: Announces re-opening of its 10 casinos
-Sep 18 2020: Some leagues re-opening, good for sports betting
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade FT-15 long of 81 by 80
Confluence: Whole $, VWAP
Strike Zone: 81 - 79
Sizing (lots + emergency): 100
Risk (stop / Rs): Hold below VWAP
Review / Lessons Learned
SPY was dumping and the volume today made this a B grade setup, didn't have much conviction so sized down, small -0.25R cut
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-14 12:44:38 | PENN | buy | $82.110 | long |
| 2020-12-14 12:47:27 | PENN | sell | $81.960 | 0 |
| 2020-12-14 12:52:26 | PENN | buy | $80.925 | long |
| 2020-12-14 12:56:01 | PENN | sell | $80.580 | 0 |
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