Shared by
Marius
Markets in rebound mode with more earnings reports and good job numbers into the end of the week.
Fundamental Analysis
Etsy reported upside Q1 beats with GAAP EPS of 1.00 (+0.12) and revenue growth of 141.5% Y/Y to 550.7M. The company also benefited from the E-commerce business last year but with a reopening theme guidance is looking lower and or decelerated. This has been a common theme with recent technology and growth areas that have recently also reported.
Quantitative Analysis
Intraday Fundamentals
RVOL 4.98
AVOL 3.13M
ATR 11.28
Short Float 5.00%
Shs Float 125.21M
Inst Own 89.50%
Market Cap 21.05B
Options Statistics + Tape Reading
SI 3.502
IV 60.12%
IVP 25%
P/C 1.001
VWAP 159.928
Options data stats/notes day prior to catalyst (n/a)
Options Positioning
OI 283
VOL 289
Delta .02
Theta -.10
Vega .01
Gamma .00
Prob T 3.11%
Prob ITM 1.53%
MMM +/- 6.634
IV Series 73.84%
Options data stats/notes day prior to catalyst (n/a)
Technical Analysis
Trade/Risk Management & Review
Trade executed as planned. Grade A overall, with the thesis, setup, and positioning. Price finished on an inside day finding some buyers but still below HTF supply and with downside momentum. Institutional ownership is also high in this company.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-06 15:47:02 | 7 MAY 21 192.5 CALL | sell | $0.0500 | short |
| 2021-05-06 15:47:02 | 7 MAY 21 192.5 CALL | sell | $0.0500 | short |
| 2021-05-06 15:47:02 | 7 MAY 21 192.5 CALL | sell | $0.0500 | short |
| 2021-05-07 16:00:00 | 7 MAY 21 192.5 CALL | buy | $0.0000 | 0 |
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