Shared by
RobEsposito20
Float - 360M, FS% - 4.97%, ATR - 1.28, AVOL - 5.41M, RVOL - 4.47
VIAB gapped lower on poor earnings. I had a short bias and wanted to short against 32.50 the clear resistance in the pre market. I took my first entry when the stock failed at the level. Stop .10 cents above the level. ATR was about 1 point coming into today so my target was a move to 31.50. I scaled out on the way down selling my last lot at 31.50. Overall good trade. I made it with options. Really good entry. Could have been less aggressive on the scales until it go close to my level.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-08-04 09:31:36 | 18 AUG 17 34 PUT | buy | $2.100 | long |
| 2017-08-04 09:32:42 | 18 AUG 17 34 PUT | sell | $2.400 | long |
| 2017-08-04 09:33:22 | 18 AUG 17 34 PUT | sell | $2.460 | long |
| 2017-08-04 09:35:59 | 18 AUG 17 34 PUT | sell | $2.550 | 0 |
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