Shared by
dpaleo
Tags:
failed new high above $36s. Great covers on flush once $35 broke
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-06-11 10:04:35 | SPCE | -612 | $35.780 | -612 |
| 2021-06-11 10:04:35 | SPCE | -2 | $35.790 | -614 |
| 2021-06-11 10:04:35 | SPCE | -186 | $35.770 | -800 |
| 2021-06-11 10:16:44 | SPCE | -100 | $35.490 | -900 |
| 2021-06-11 10:32:45 | SPCE | -100 | $35.060 | -1000 |
| 2021-06-11 10:49:03 | SPCE | 100 | $34.560 | -900 |
| 2021-06-11 10:51:20 | SPCE | 100 | $34.570 | -800 |
| 2021-06-11 10:56:27 | SPCE | 100 | $34.380 | -700 |
| 2021-06-11 10:56:31 | SPCE | 100 | $34.330 | -600 |
| 2021-06-11 10:56:49 | SPCE | 100 | $34.270 | -500 |
| 2021-06-11 11:02:32 | SPCE | 100 | $34.160 | -400 |
| 2021-06-11 11:02:38 | SPCE | 100 | $34.120 | -300 |
| 2021-06-11 11:03:33 | SPCE | 100 | $34.030 | -200 |
| 2021-06-11 11:05:59 | SPCE | 50 | $33.920 | -150 |
| 2021-06-11 11:10:50 | SPCE | 150 | $34.420 | 0 |
Comments
Zoltan
Good trade this one dp.
Another type where you must have monitored the 3-5min after entry. this was a straight but slow grind to the bottom.
Question: what made you establish your target?
ahmad11
dpaleo
dtd, yea small 100 add on vwap break and last 100 add was more anticipatory of $35 break. Not a great last add - prolly shoulda waited for $35 to definitively break
thanks Z! So my trade idea was that a break below $35 could lead to a decent flush or a bigger grind lower bc there was so much OI in the $35 weekly calls that had been ITM. Once they were out of money folks might sell trying to salvage some value and dealers would sell their common that was bought to delta hedge. We got a quick 1 point flush with big and increasing volume so I want to be covering into that, especially when we got some extension on 5min. Plus coming into 11am hr where things slow down so even more reason to lock in. Mkt bounced all afternoon so it was right call, and SPCE pinned $35
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Great trade! Were you adding on the vwap break and then new low?