BLK Trade on Oct 13, 2021 14:59 from Marius: Tradervue User Stock Trades.

Earnings season start with financials reporting. VIX decreased going into the reports with the market finding buyers and a key pivot opening into the quarter. Seasonal trends data show edge for further bid support and momentum into the EOY. Global macro overview looking to be improving with investor risk appetite seen in multiple areas of the market. There also has been a sentiment reset and shift in favor of the bid side.

Fundamentals In Play Analysis

BlackRock reported EPS and Revenue beats. There has been continued + organic growth net inflows in their active platform and ETF product categories. JPM also had reported positive results so this is within industry sympathy but BlackRock was more recently moving from profit taking in the mid-term which provides more of a tailwind for the latter.

Quantitative Analysis

Intraday Fundamentals

RVOL 2.94
AVOL 491.25K
ATR 19.87
Beta 1.18
VIX 18.64
Volatility 1.96% 2.09%
Short Float 1.16%
Shs Float 150.53M
Inst Own 86.10%
Market Cap 131.76B

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

SI 1.775
IV 24.33%
IVP 24%
P/C 0.477
VWAP 867.265

Options Positioning

OI 399 177
VOL 111 45
Delta -.02 -.01
Theta -.25 -.10
Vega .03 .01
Gamma .00 .00
Prob T 4.17% 1.47%
Prob ITM 2.10% 0.74%
MMM +/- 18.331
IV Series 33.31%

Earnings Statistics

Technical Analysis

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

(A/B) setup / (A) execution. 1/0.5 RP, conservative positioning, 21% allocation. Initially I had considered an unbalanced delta strategy but seeing the underlying fundamentals, industry sector factors, and overall market picture I only executed the long side. The stock continued to be bid up day 2 and 3. Although I avoided the short end risk I must now consider these specific variables in future playbooks to possibly add size or position closer to the market. I was already short JPM so this could be considered a pair trade.