SFIX Trade on Mar 9, 2021 15:19 from Marius: Tradervue User Stock Trades.

Yields backed off from 1.60% after Monday and the weekly open. Growth stocks back with a BID after the Nasdaq ticking negative for the year and in official correction territory. Earnings season winding down with some recurring themes and trades continue to be present with investor sentiment and actions.

Fundamental Analysis

SFIX reported earning with missed REVS and inline EPS. The guidance was also inline but investors took profits seeing the logistics issues and ongoing theme of the economy finally reopening at full pace and back to pre-covid retail business flows. The latter was also seen in many other retailers that have reported for the same quarter.

Quantitative Analysis

Intraday Fundamentals

RVOL 4.72
AVOL 3.45M
ATR 8.62
Short Float 14.76%
Shs Float 60.45M
Inst Own 94.33%
Market Cap 4.94B

Options Statistics + Tape Reading

SI 5.699
IV 89.58%
IVP 44%
P/C 1.055
VWAP 49.791

Notable call write orders at the open. Of those traded more done on the BID and at 0-20 delta which is confirming the current price action.

Options data stats/notes day prior to catalyst (n/a)

Options Positioning

OI 247
VOL 446
Delta .02
Theta -.05
Vega .00
Gamma .00
Prob T 2.58%
Prob ITM 1.24%
MMM +/- 5.769
IV Series 140.78%

Good positioning and size on a single leg option. Keeping in mind IV, short float, shs float, and Inst float.

Options data stats/notes day prior to catalyst (n/a)

Technical Analysis

IV crush and almost equal amount of volume done on BID/ASK. Gap down with fundamental changes still notable but 50 gap support level was notable held for day 1. Keeping watch if seller take over to fill gap or if buyers defend and step up.

Below AVWAP from last earnings and testing gap. Below 55S from recent quarter. No notable VPOC support below current trading price from last quarter.

Trade/Risk Management & Review

Trade executed as planned. 48.50 S will be key as this is the gap up level that held. Strong up day on the last day with buyers in control for a bounce. Adequate size here but keeping in mind that these set-ups warrant a responsible bump in position and risk. Still can use original parameters as this is tweaked and no need to add risk to the strike positioning aspect of the working trade. Keep actively trying to to scale the business responsibly.