Stop: 8.65
R: 1
OTM call action into earnings. Daily OK, stock traded above key resistance 8.60$
Volume pop around 11:00 + coil above 8.65$ My first add was a little too early but the stock was thick, I got my feeler in and wanted to double up NOW. Took a little heat, but it never really got uggly.
Scaled quickly into the upmove, lunchtime was approaching. My 1st add was above 8.80$ since a lot of volume traded there. Stop was 3cts for the entire position, so I hit out when 8.80 bids dropped.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-11 10:58:30 | JCP | buy | $8.700 | long |
2015-05-11 11:04:15 | JCP | buy | $8.720 | long |
2015-05-11 11:15:48 | JCP | sell | $8.750 | long |
2015-05-11 11:21:10 | JCP | sell | $8.780 | long |
2015-05-11 11:41:25 | JCP | buy | $8.810 | long |
2015-05-11 11:43:48 | JCP | sell | $8.770 | 0 |
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