CRM Trade on Sep 23, 2021 15:21 from Marius: Tradervue User Stock Trades.

Markets opened with a gap down on news of Chinese real estate property debt solvency company Evergrande concerns. In addition there was a FED rate policy meeting + press conference in the middle of the week. There was also concerns of the US debt ceiling being raised. Infrastructure bills have been a continued market focus. Volatility spiked but ended the week with buyers back in the market as concerns were fully priced in and direction re-established. Corporate events were light to start the week but picked up with the market.

Fundamentals In Play Analysis

Salesforce held its Investor Day event and announced higher guidance for FY22 and FY23. The company is in a strong industry of the markets being in the cloud space. It is also lagging in performance in comparison to the S&P 500. The recent acquisition of Slack is showing a market disposition and now an opportunity of higher growth.

Quantitative Analysis

Intraday Fundamentals

RVOL 2.62
AVOL 5.93M
ATR 6.09
Beta 1.08
VIX 18.63
Volatility 2.24% 1.89%
Short Float 1.76%
Shs Float 892.78M
Inst Own 76.10%
Market Cap 271.85B

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

SI 5.051
IV 28.66%
IVP 32%
P/C 0.394
VWAP 273.841

Options Positioning

OI 297 706
VOL 3138 248
Delta -.05 -.01
Theta -.21 -.04
Vega .02 .00
Gamma .01 .00
Prob T 11.38% 1.91%
Prob ITM 5.73% 0.96%
MMM +/- 4.99
IV Series 32.35%

Technical Analysis

Trade Setup/Execution Grade + Risk (risk:premium) + Positioning + Size/Allocation Management & Review

(A+) setup / (A+) execution. Risk 1/2RP, moderate/aggressive positioning, 24% allocation. This is now an (A+) setup in my playbook. The fundamentals in play merit a longer-term play position. The active trade setup checked almost all parameters and I was able to press into a more aggressive position proximate to the market. Next step to build more onto this trade is to consider allocation size + more review of ATR parameter positioning for this specific setup.