Shared by
metp2202
Tags:
Raw momentum
Quick scalp on ONTX, I feel like there is still a lot of room for this name to come back down, 1.5 is the key inflection point, thought we would break this level today but they've been holding it pretty well. I got short into 1.6 with 4k shares starter size, added 11 k at 1.59 on the rejection at vvwap. I covered half on the way down at 1.55 and the rest at 1.53 when we were not able to go below 1.52 ish. thought there was still too much buying for it to break 1.5.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-02-19 09:44:11 | ONTX | -4000 | $1.600 | -4000 |
| 2021-02-19 09:55:46 | ONTX | -7000 | $1.590 | -11000 |
| 2021-02-19 10:17:01 | ONTX | 5500 | $1.550 | -5500 |
| 2021-02-19 10:19:08 | ONTX | 300 | $1.530 | -5200 |
| 2021-02-19 10:19:08 | ONTX | 500 | $1.530 | -4700 |
| 2021-02-19 10:19:08 | ONTX | 500 | $1.530 | -4200 |
| 2021-02-19 10:19:08 | ONTX | 100 | $1.530 | -4100 |
| 2021-02-19 10:19:08 | ONTX | 2900 | $1.530 | -1200 |
| 2021-02-19 10:19:08 | ONTX | 889 | $1.530 | -311 |
| 2021-02-19 10:19:09 | ONTX | 100 | $1.530 | -211 |
| 2021-02-19 10:19:09 | ONTX | 211 | $1.530 | 0 |
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