ACN Trade on Sep 23, 2021 15:38 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

Accenture reported EPS beats and guided revenues higher. They also raised its dividends and added 3B to is share repurchase program. The recent profit taking and market sell-off provided a shorter-term buying opportunity ahead of earnings. The company seems to be performing in-inline / better than consensus but nothing overly notable.

Quantitative Analysis

Intraday Fundamentals

RVOL 2.48
AVOL 1.82M
ATR 5.19
Beta 1.11
VIX 18.63
Volatility 1.77% 1.33%
Short Float 0.66%
Shs Float 633.32M
Inst Own 72.80%
Market Cap 233.24B

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

SI 2.315
IV 25.12%
IVP 32%
P/C 1.766
VWAP 341.119

Options Positioning

OI 329 827
VOL 253 303
Delta -.04 -.01
Theta -.15 -.08
Vega .01 .01
Gamma .01 .00
Prob T 7.59% 2.68%
Prob ITM 3.82% 1.35%
MMM +/- 5.027
IV Series 26.55%

Earnings Statistics

Technical Analysis

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

(A/B) setup / (A/B) execution. 1/2RP, conservative positioning, 14% allocation. This was within my playbook but was lacking in order flow parameters. The market also did not take price into ATH price discovery. This was the first sign to me that there is not enough buyers and some sellers in place. Day 2 traded lower but within range confirming this. This will be on alert if the market re-bids into higher prices. Fundamentals in play show a company performing in-line to slightly better. There are also competitive peers in the same industry. OGT and a trade to still put on if parameters are met within playbooks. Although there was less probable downside reversal risk, it was factored into the trade.

Weekly Trading Review

Trading felt very busy to start the week and mid when market catalyst events took place. Being flexible, open minded, while assessing + scaling trades was key. I had an original thesis of continued higher volatility but alternate measures as well. Recognizing this within a working playbook enabled sharper trades where I was able to press into my strength when the market pivoted decisively. This is the current market where we are in and will continue to adapt as it does.