SQ Trade on Aug 3, 2021 15:44 from Marius: Tradervue User Stock Trades.

Currently in the middle of the busiest of the corporate calendar with earnings. More in-play moves from these specific catalysts. There are bigger picture economic reports continuing to be released with key jobs metrics. Overall markets seems to be undergoing a "stealth correction" with mixed performances but not overly weighted to the upside nor downside. The breadth deteriorations have been met with relatively stronger components. Less pronounced rotational factor shifts as seen in 1H21. Overall earnings have been pointing to continued growth. A noticeable theme I saw this week was with more so company earnings trading lower initially but aggressively bought. A few of them have recovered notable ground from the prior weeks as well. There are certain areas of reporting that were highlighted this week within the health care sector as insurances factor in increasing operating costs due to rising delta variant virus cases. The bond market and yields seem to signal some concern but liquidity and interests rates with monetary policy are continuing to underpin the overall market bid.

Fundamentals In Play Analysis

Square reported an EPS beat but fell short of Revenue targets. It did pull in revenues from cryptocurrency related activity and trading activity in the prior quarters. This is interpreted as a deceleration but the Cash App has notable growth expansions and retention for users. They entered the segment of BNPL with the acquisition of Afterpay. BNPL is seeing a current consumer trend in use and in-line with consumer purchasing demands w/ the economic re-opening. This is what seems to be driving the current price action along with the cryptocurrency market regaining trading/buying activity.

Quantitative Analysis

Intraday Fundamentals

RVOL 2.32
AVOL 9.21M
ATR 10.93
Beta 2.40
Volatility 5.87% 4.22%
Short Float 8.21%
Shs Float 386.78M
Inst Own 75.10%
Market Cap 126.7B

Options Statistics + Tape Reading + Order Flow + Dark Pool Levels + Flow Sentiment

SI 1.645
IV 46.72%
IVP 17%
P/C 0.424
VWAP 268.181

Overall Call A/AA weighted activity seen on stats + tape + flow sentiment

MHTF DP level from breakout area 247.26

Options Positioning

OI 1091 551
VOL 511 51
Delta -.02 .00
Theta -.09 -.03
Vega .01 -.03
Gamma .00 .00
Prob T 3.58% 1.17%
Prob ITM 1.82% 0.59%
MMM +/- 11.648
IV Series 53.45%

Earnings Statistics

Technical Analysis

RVOL day one on ASK pressing up against high's. Upside momentum.

HTF HH/HL but noted the wider ATR range.

Trade Risk (risk:premium) + Position + Size + Allocation Management & Review

R/R = 1/4 w/ ~20% allocation. Positioning conservative/moderate due to playbook expansion in 2nd day play. Initial I had thought ER had not been released but noticed after hours and game planned into next trading. I'm noticing that I can position after day one as seen with AMZN (3rd day). (A) because new high's have not been bought but momentum is on the plate with the possibility. (B) execution but supporting the playbook expansion.