UNH Trade on Apr 8, 2021 14:17 from yannitrades: Tradervue User Stock Trades.

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Intraday fundamentals
Average Daily Volume: 3.35M
RVOL: 0.75 RVOL
ATR: 6.79
Short Float: 0.73%
Shares Float: 943.06M
Institutional Ownership: 89.50%
Option Flow: NONE

TRADING PLAN
With ER runups, there has been a history of trading higher into ER, there was a very little implied move into premiums and ended up getting a nice pump with a good technical level on the daily chart. We used information from the previous day to get long. There was a daily pinbar as well as an inside day the previous day which is ideal for a swing into next day.
Anticipated earnings as with the covid pandemic many people pay for high quality health insurance
TRADE STRATEGY x ✓
- Important technical level on daily charts ✓
- Low IVOL ✓
- Volume spikes into the breakout ✓
- Sharp move away from price ✓
- Holding above vwap ✓
- Decreasing volume into pullback ✓
- Buying on the tape into the pull ins ✓
- Short interest on my side x
- Option flow with OTM strikes x
- Hold until reasons to sell x
- Market in my favor ✓
- Corresponding stocks and sector supporting direction ✓
- History of running up 1-2 weeks before Reporting (2-3 Q's needed to confirm a trend ✓
- Recently trading flat near an important technical level ✓
- Implied move < Historical move
- Highly Anticipated earnings ✓
- Hot sector

Potential Reason2Sell
- Price target is reached ✓
- uptrend is broken
- unusual seller on tape
- Breaking news in stock market
- moving average is broken

TRADE REVIEW

  • What did you learn from this trade?
    Good stock selection! Good way to incorporate many variables into a trade

  • How could you have done better?

Select a better option to trade off of. Ideally the next area of supply was 380. Also take profits a little later into the breakout. We definitely took too much risk off the table too soon. Ideally need to cut in 1/4ths and let the trade work. It still has 6 days till earnings and we cut most of the position only day 1 into the trade.

  • How would you trade this differently for the next trade?

Make sure I plan my exits a little bit better and incorporate reasons to sell

TA

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Execution detail:

Date/time Symbol Side Price Position
2021-04-08 14:17:21 16 APR 21 375 CALL buy $2.530 long
2021-04-08 15:53:33 16 APR 21 375 CALL buy $2.260 long
2021-04-09 10:00:29 16 APR 21 375 CALL sell $3.300 long
2021-04-09 12:36:14 16 APR 21 375 CALL sell $5.300 long
2021-04-09 12:36:15 16 APR 21 375 CALL sell $5.300 long
2021-04-09 12:36:15 16 APR 21 375 CALL sell $5.300 long
2021-04-12 09:47:08 16 APR 21 375 CALL sell $8.050 long
2021-04-12 09:47:08 16 APR 21 375 CALL sell $8.050 long
2021-04-12 09:47:08 16 APR 21 375 CALL sell $8.050 0


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