This week followed with continued bullish sentiment from the end of last week. This week opened into a new month of trading and into labor day weekend. Historically a lower volume week with traders off and returning after Labor Day. Opportunities still came up in the markets and with notable jobs data that came in lower than expected. The FED is keeping these data as important insights to the eventual tapering timeline. This currently is being priced in as bullish with the current under target reporting and bids in the market.
Fundamentals In Play Analysis
PayPal Holdings Inc. is adding stock trading into their business model. This is a change in fundamentals for the company for the future. They have already adapted into the cryptocurrency space allowing investments on the platform. Robinhood traded lower in response to the news adding market confirmation.
Quantitative Analysis
Intraday Fundamentals
RVOL 2.27
AVOL 5.95M
ATR 5.61
Beta 1.15
Volatility 1.59% 1.82%
Short Float 1.01%
Shs Float 1.17B
Inst Own 82.40%
Market Cap 321.51B
Options Statistics + Tape Reading + Order Flow + Dark Pool Levels + Flow Sentiment
SI 5.936
IV 29.43%
IVP 6%
P/C 0.294
VWAP 286.035
Options Positioning
OI 1559 567
VOL 1544 111
Delta -.02 .00
Theta -.05 -.02
Vega .01 .00
Gamma .00 .00
Prob T 3.79% 1.03%
Prob ITM 1.91% 0.52%
MMM +/- 7.421
IV Series 28.26%
Technical Analysis
Trade Setup/Execution Grade + Risk (risk:premium) + Positioning + Size/Allocation Management & Review
(A/B) setup / (A) execution. 1/2RP, conservative positioning, ~15% allocation. This was a similar setup to AMZN but better variables w/ the elevated RVOL. I do need to keep in mind the beta and volatility of the individual stock. PYPL is higher giving it a better opportunity. Theta was lower in this case but expected due to option underlying pricing model. OGT and a playbook in adapting process. Interesting to note similar plays on the same day w/ different parameters. But adapting and adjusting accordingly.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-30 15:48:13 | 3 SEP 21 265 PUT | sell | $0.0800 | short |
2021-08-30 15:48:13 | 3 SEP 21 245 PUT | buy | $0.0300 | long |
2021-09-03 15:59:59 | 3 SEP 21 265 PUT | buy | $0.0000 | 0 |
2021-09-03 15:59:59 | 3 SEP 21 245 PUT | sell | $0.0000 | 0 |
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