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