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Oct 21, 2021 15:22

Second week into earnings season with continued momentum from the prior week. SPY reached new highs to end the week. Busy week with more corporate reports and announcements. The first futures backed Bitcoin ETF started trading. Next couple weeks will be filled with more earnings scheduled and the technology industry reporting.

Fundamentals In Play Analysis

Match Group Inc was directly affected from a report that Google was lowering its cut from all subscriptions on Google Play from 30% to 15%. This will be increasing margin on Match Group business model. The company is also part of the communications industry which is in-play with the recent fund allocations rotating within the industry due to recent earnings and news events.

Quantitative Analysis

Intraday Fundamentals

RVOL 2.01
AVOL 4.00M
ATR 6.20
Beta -
VIX 15.01
Volatility 4.99% 3.81%
Short Float 6.72%
Shs Float 268.50M
Inst Own 97.80%
Market Cap 47.67B

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

SI 4.744
IV 50.96%
IVP 42%
P/C 0.295
VWAP 172.297

Options Positioning

OI 897 890
VOL 931 655
Delta -.03 -.01
Theta -.13 -.06
Vega .01 .00
Gamma .01 .00
Prob T 6.60% 2.98%
Prob ITM 3.34% 1.51%
MMM +/- 7.676
IV Series 79.16%

Technical Analysis

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

Trade Setup : A
Execution : A/B
Risk/Premium : 0.43/1
Positioning Risk | Std Dev : conservative/moderate | -3.38
Size/Allocation Risk : 7%
Dynamic Risk : No

Playbook trade executed as planned but I noticed after review I should have allocated more to this. I was approaching limits within my options portfolio for the week and I did get flat NFLX to free up active capital after the fact for other trades but this was a trade to at least add another 5% allocation to. It's a challenge to see this in the moment but after seeing it now I will keep this in mind.

Execution detail:

Date/time Symbol Side Price Position
2021-10-21 15:22:52 22 OCT 21 155 PUT sell $0.1300 short
2021-10-21 15:22:52 22 OCT 21 150 PUT buy $0.0600 long
2021-10-22 15:59:59 22 OCT 21 155 PUT buy $0.0000 0
2021-10-22 15:59:59 22 OCT 21 150 PUT sell $0.0000 0

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