SFIX Trade on Sep 22, 2021 14:35 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

Stitch Fix reported 0.19 profit vs (0.12) EPS, adj EBITDA 55.4M vs 15-20M, and Revenue 571.2M vs 540-550M at 28.8% y/y growth. The company is benefiting from consumers getting back to traveling, socializing, and engaging in leisure activity as vaccinations increase. They also announced the launch of Freestyle which allows customers to shop without subscription. Guidance for revenues Q1 (Oct) was lower than expected.

Quantitative Analysis

Intraday Fundamentals

RVOL 8.89
AVOL 1.60M
ATR 2.33
Beta 2.00
VIX 20.87
Volatility 6.20% 5.24%
Short Float 17.48%
Shs Float 69.30M
Inst Own 94.90%
Market Cap 4.23B

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

SI 3.927
IV 69.31%
IVP 27%
P/C 0.463
VWAP 40.699

Options Positioning

OI 875 1368
VOL 931 1111
Delta -.04 -.01
Theta -.06 -.02
Vega .00 .00
Gamma .02 .00
Prob T 9.81% 3.25%
Prob ITM 5.00% 1.67%
MMM +/- 2.696
IV Series 93.13%

Earnings Statistics

Technical Analysis

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

(A) setup / (B) execution. 1/2RP, conservative positioning, 14% allocation. Good HTF reversal setup w/ catalyst. Setup is a hybrid set-up in my playbook but with a notable fundamental change. I tend to position and allocate less on higher short float stocks but in this case I had an opportunity to press/size in more. Will keep in mind on similar trades in the future that show the parameters. OGT overall and good performance for the busier day of the week.