AMC Trade on Mar 29, 2022 09:32 from spyrosz: Tradervue User Stock Trades.

Gravatar

Shared by
spyrosz

 

They gamma-squeezed it right into a massive resistance area $32-35.
Premarket plan was to get "short" at the opening pop towards R1=$32, or if it could make it to R2=$35, expecting a brutal rejection there and to tank levels lower, as "theta" of $3,$40 CALLs exp. Friday started to kick in.

Opened strong, popped right into R1, then R2.
Tier 0 offer in-front of R1=$32 got hit, risking $36s, it didn't make it to R2=$35 for the add. Comfortable and good with the size I got, not in a rush to add more.

Got rejected hardat R1/R2 zone and rolled over to pre-market low. Covered 1/3 in-front of premarket low=$27-27.5s.

Found a bid there and squeezed right back up towards R1=$32.
Re-entered short what I covered previously, setting 50% partial stop above R1=$32, remaining above R2=$35, and never looked it again for the day.

03-30-2022
Next day opened lower, rejected yesterday's close and rolled over. I guess this is when
"theta" kicked in and destroyed the $30+ CALLs exp. Friday.

03-30/31-2022
Profit taking towards $21-22 target, tightening stop to each day's HOD on the way lower.
Covered bulk at target, left with a 10% here, stop $25.3, target $21.

04/04/2022
Flat. Doesn't look like it is heading lower

image


Execution detail:

Date/time Symbol Side Price Position
2022-03-29 09:32:08 AMC sell $31.880 short
2022-03-29 10:04:22 AMC buy $27.280 short
2022-03-29 11:03:04 AMC sell $30.168 short
2022-03-30 09:34:58 AMC buy $28.020 short
2022-03-30 12:21:06 AMC buy $26.950 short
2022-03-30 12:21:06 AMC buy $26.950 short
2022-03-30 14:03:06 AMC buy $26.590 short
2022-03-30 14:25:38 AMC buy $26.430 short
2022-03-30 14:29:30 AMC buy $26.330 short
2022-03-30 16:00:02 AMC buy $25.650 short
2022-03-30 16:00:02 AMC buy $25.660 short
2022-03-31 07:54:57 AMC buy $24.570 short
2022-03-31 07:55:21 AMC buy $24.630 short
2022-03-31 09:57:20 AMC buy $23.740 short
2022-03-31 12:47:30 AMC buy $24.780 short
2022-04-01 12:16:49 AMC buy $23.060 short
2022-04-01 12:23:15 AMC buy $23.030 short
2022-04-01 12:35:37 AMC buy $22.780 short
2022-04-01 12:43:41 AMC buy $22.818 short
2022-04-01 13:42:34 AMC buy $23.080 short
2022-04-04 10:40:57 AMC buy $22.240 short
2022-04-04 11:01:45 AMC buy $22.740 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in