Float - 148M, FS% - 4.89%, ATR - .83, AVOL - 2.54M, RVOL - 8.52
KORS Long Calls
KORS was in play after reporting earnings today. It had a huge gap up and 43 - 44 was a decent resistance area on the daily chart. I initially tried a short in the KORS looking for it go fail at resistance. When it was holding over VWAP for an extended period of time and holding above the opening drive lows I decided to exit for scratch and wait for a long set up above opening drive highs. I took my entry over 44 with a stop .20 cents. My target was around 45. My first sale was around 44.70 my second sale was 44.90 and my last sale I tried to hold for a bigger move and got stopped out around 44.70. I then added back to my position when the stock consolidated over the previous highs and sold for around .50cents profit. I wasn't sure how far the stock could go since the ATR is only .82 and the stock had already done 2.5 ATR since the open. I thought I could have been bigger over 44 although I did think it could retest the whole number. Overall, pretty good trade. I followed my plan well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-08-08 10:19:59 | 18 AUG 17 42 CALL | buy | $2.600 | long |
2017-08-08 10:43:28 | 18 AUG 17 42 CALL | sell | $2.950 | long |
2017-08-08 10:54:35 | 18 AUG 17 42 CALL | sell | $3.000 | long |
2017-08-08 11:06:10 | 18 AUG 17 42 CALL | sell | $2.750 | 0 |
2017-08-08 11:41:29 | 18 AUG 17 42 CALL | buy | $3.370 | long |
2017-08-08 11:41:29 | 18 AUG 17 42 CALL | buy | $3.370 | long |
2017-08-08 11:53:38 | 18 AUG 17 42 CALL | buy | $3.300 | long |
2017-08-08 11:57:30 | 18 AUG 17 42 CALL | sell | $3.480 | long |
2017-08-08 12:03:40 | 18 AUG 17 42 CALL | sell | $3.600 | long |
2017-08-08 12:05:28 | 18 AUG 17 42 CALL | sell | $3.540 | 0 |
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