Shared by
beno
Fundamentals
-Float = 4.1B
Catalysts / News / Painting the picture
-Dec 29 2020: Intel Responds To Report Of Strategic Alternatives Request From Hedge Fund Third Point, Says 'Look Forward To Engaging With Third Point On Their Ideas'
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 short of 50.25
Confluence: Whole $
Strike Zone: 50 - 50.5
Sizing (lots + emergency): 750
Risk (stop / Rs): Hold above 50.5
Review / Lessons Learned
Got in slightly to early so had to scratch about 1/3 at B/E on the way down to manage my risk. Still +2R trade
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-29 12:33:16 | INTC | sell | $49.770 | short |
| 2020-12-29 12:33:16 | INTC | sell | $49.770 | short |
| 2020-12-29 12:33:16 | INTC | sell | $49.770 | short |
| 2020-12-29 12:33:45 | INTC | buy | $49.400 | short |
| 2020-12-29 12:34:30 | INTC | sell | $49.883 | short |
| 2020-12-29 12:34:30 | INTC | sell | $49.890 | short |
| 2020-12-29 12:34:30 | INTC | sell | $49.880 | short |
| 2020-12-29 12:35:16 | INTC | sell | $50.210 | short |
| 2020-12-29 12:35:16 | INTC | sell | $50.210 | short |
| 2020-12-29 12:36:14 | INTC | buy | $49.980 | short |
| 2020-12-29 12:36:14 | INTC | buy | $49.980 | short |
| 2020-12-29 12:37:24 | INTC | buy | $49.780 | short |
| 2020-12-29 12:37:33 | INTC | buy | $49.750 | short |
| 2020-12-29 12:37:33 | INTC | buy | $49.750 | short |
| 2020-12-29 12:37:48 | INTC | buy | $49.640 | short |
| 2020-12-29 12:37:59 | INTC | buy | $49.610 | short |
| 2020-12-29 12:37:59 | INTC | buy | $49.610 | short |
| 2020-12-29 12:39:44 | INTC | buy | $49.560 | short |
| 2020-12-29 12:39:57 | INTC | buy | $49.610 | short |
| 2020-12-29 12:40:32 | INTC | buy | $49.570 | short |
| 2020-12-29 12:41:13 | INTC | buy | $49.300 | short |
| 2020-12-29 12:41:13 | INTC | buy | $49.300 | short |
| 2020-12-29 12:41:50 | INTC | buy | $49.170 | 0 |
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