Float - 1.3B, FS% - 2.18%, ATR - 1.27, AVOL - 9.43M, RVOL - 4.91
I traded NKE short previous to this trade and saw knew .50 was a key level. It was premarket resistance. Once the stock got back above that level I wanted to get long and hold for a move higher. Looking back at previous earnings the stock moved between 1.25 and 1.75 since it opened at 56.50 I wanted to sell around 58. My entry was too far from .50 cents which caused me to sell too much too quickly at .80 cents. I covered the last 100 right above 58 thinking that could be the high short team. SPY also was rolling over which I thought could affect the stock.
Overall, good stock to be in. Poor entry and initial sales. Good last sale. I probably needed to hold my whole position into that 58 level and sell it all at once.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-30 09:46:07 | NKE | buy | $57.600 | long |
2017-06-30 09:46:07 | NKE | buy | $57.600 | long |
2017-06-30 09:46:48 | NKE | sell | $57.810 | long |
2017-06-30 09:46:53 | NKE | sell | $57.800 | long |
2017-06-30 09:52:36 | NKE | sell | $58.060 | 0 |
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