Float - 912M, FS% - 4.31%, ATR - 1.45, AVOL - 10.70, Day 1 RVOL - 7.76
TEVA Long Puts
TEVA has been selling off since the stock reported earnings last Friday and cut the dividend. The stock has been very weak. The overall market had a small down tick during the trade and IBB was trending higher. This was the first test of VWAP for the day. I wanted to stay short with the overall context. Looking back to Fridays prices action the stock held over VWAP for a bit before breaking lower. I wanted to be prepared for that type of action today as well. I entered a little too early in the pattern around 19.45 with a target of 19 and stop 19.60. So risking 4 to make 1. I planned to hold the entire position into 19 and not take scales. I executed my plan pretty closely and sold 19.02 / 19.04
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-08-07 12:57:03 | 18 AUG 17 21 PUT | buy | $2.000 | long |
2017-08-07 14:14:43 | 18 AUG 17 21 PUT | sell | $2.220 | long |
2017-08-07 14:14:43 | 18 AUG 17 21 PUT | sell | $2.220 | long |
2017-08-07 14:16:12 | 18 AUG 17 21 PUT | sell | $2.250 | long |
2017-08-07 14:16:36 | 18 AUG 17 21 PUT | sell | $2.250 | 0 |
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