Play: Sympathy play
Stock is overextended, was trading in a tight range right before oil inventory came out. #'s were bad and oil started flushing so got into this one for sympathy play. Started working well so was patient with it as it had room to fall, started consolidating and then oil started squeezing so got out flat as I wanted to see a test of LOD at least.
Reasons to cover:no follow through on oil, started squeezing
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-13 10:32:08 | CLF | sell | $4.190 | short |
2016-04-13 10:38:54 | CLF | buy | $4.190 | 0 |
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