MRNA Trade on Aug 22, 2022 09:40 from JRockTrades: Tradervue User Stock Trades.

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Mean Reversion OGT Took Stop

MRNA has been interesting to me around this 150 level. It failed there Friday and I didn't keep the short on. Today it spiked on the open at the same time that the market was making lower lows. I felt there was no way it could hold on and used this as an opportunity to get short. My initial trade got stopped out for a pretty decent loss (83 cents), but I reestablished when it didn't push higher. From there the stock reversed hard and in one quick move I was covering in increments up to $4.50 lower. My final target was the opening drive low, which was met. I was simultaneously trading this and QQQ, but despite that good overall thesis and execution.


Execution detail:

Date/time Symbol Qty Price Position
2022-08-22 09:40:53 MRNA -120 $147.960 -120
2022-08-22 09:42:30 MRNA 120 $148.798 0
2022-08-22 09:42:39 MRNA -120 $148.485 -120
2022-08-22 09:47:17 MRNA 30 $147.470 -90
2022-08-22 09:48:26 MRNA 30 $146.660 -60
2022-08-22 09:49:04 MRNA 15 $146.323 -45
2022-08-22 09:52:25 MRNA 15 $145.640 -30
2022-08-22 09:58:39 MRNA 10 $144.980 -20
2022-08-22 10:00:24 MRNA 10 $144.600 -10
2022-08-22 10:01:27 MRNA 10 $143.950 0


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