Shared by
metp2202
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I got short SPRT when I saw that BBIG was puking and the price action on SPRT was looking quite weak at 37. I got more aggressive below 36 but we didn't break the 35 mark and we started to grind higher into vwap. I had a pretty wide stop , was willing to give it room up to VWAP. I puked half of my position above 38 thinking that this was a bad sign but then I got back in with 650 shares at 37.25 thinking that we were rejecting VWAP. We kept on grinding so I ate the loss at 38.65. Overall I think that I'm fine with this loss, I believe that there was very high odds that we get the fade I was looking for before 11 AM.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-08-30 10:18:44 | SPRT | -6 | $37.030 | -6 |
| 2021-08-30 10:18:44 | SPRT | -144 | $37.030 | -150 |
| 2021-08-30 10:31:02 | SPRT | -150 | $36.030 | -300 |
| 2021-08-30 10:31:02 | SPRT | -50 | $36.000 | -350 |
| 2021-08-30 10:31:02 | SPRT | -50 | $35.980 | -400 |
| 2021-08-30 10:31:02 | SPRT | -50 | $35.960 | -450 |
| 2021-08-30 10:38:52 | SPRT | -200 | $36.801 | -650 |
| 2021-08-30 10:41:06 | SPRT | 100 | $38.100 | -550 |
| 2021-08-30 10:41:06 | SPRT | 100 | $38.100 | -450 |
| 2021-08-30 10:41:06 | SPRT | 114 | $38.100 | -336 |
| 2021-08-30 10:41:06 | SPRT | 11 | $38.100 | -325 |
| 2021-08-30 10:42:10 | SPRT | -325 | $37.250 | -650 |
| 2021-08-30 10:47:14 | SPRT | 650 | $38.650 | 0 |
Comments
metp2202
Very expensive and with Reg sho on it made it even more tough (I could not recycled my shares). I think I paid 0.133 per shares but only took 1k as the range on this name is pretty massive.
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What broker are you using? Short shares are very hard to find. How hard was it for you to locate SPRT short shares?