a great set up today thanks to the SMB radar.
Caught it just as it was in a bear flag and weakening, starting to head towards the $40 level.
shorted at 40, added tot he position when it broke 40 and rebounded.
Went down cleanly till 39 and I covered, and it continued to $38.75 while I was in the afternoon meeting.
I shouldn't feel bad about it but my thought is that I probably could have caught at least another 20 cents.
The reversal rebound from 38.75 was surprisingly strong, going up to $40 (in part thanks to a spike in the SPY)
I was still in the meeting when I saw it hit 40, and my thought was to short it then. Went back, saw it at 39.83 and shorted 1000 first to test, added at 75 cents, and added a last batch at 65 cents. Consolidated and went up abit which freaked me out but then it resumed its trend down. I covered abit late, because I had the impression it would retest $38.75.
After this I made a lot of bad trades because I was greedy and wanted to catch any last continuation move, but the stock did very choppy fakeouts.
Interesting to me was the buying strength at 38.75 which gave me the idea that there was the possibility of a rebound move at the end.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-04 12:04:00 | OAS | sell | $40.010 | short |
2014-02-04 12:04:00 | OAS | sell | $39.960 | short |
2014-02-04 12:04:00 | OAS | sell | $39.990 | short |
2014-02-04 12:04:00 | OAS | sell | $40.000 | short |
2014-02-04 12:08:00 | OAS | sell | $39.930 | short |
2014-02-04 12:32:00 | OAS | buy | $38.990 | short |
2014-02-04 12:32:00 | OAS | buy | $38.990 | short |
2014-02-04 12:32:00 | OAS | buy | $38.975 | short |
2014-02-04 12:32:00 | OAS | buy | $38.975 | short |
2014-02-04 12:32:00 | OAS | buy | $38.990 | short |
2014-02-04 12:32:00 | OAS | buy | $39.002 | short |
2014-02-04 12:32:00 | OAS | buy | $38.975 | 0 |
2014-02-04 13:05:00 | OAS | sell | $39.830 | short |
2014-02-04 13:07:00 | OAS | sell | $39.750 | short |
2014-02-04 13:16:00 | OAS | sell | $39.650 | short |
2014-02-04 14:43:00 | OAS | buy | $39.050 | short |
2014-02-04 14:43:00 | OAS | buy | $39.047 | short |
2014-02-04 14:43:00 | OAS | buy | $39.050 | short |
2014-02-04 14:43:00 | OAS | buy | $39.050 | short |
2014-02-04 14:43:00 | OAS | buy | $39.050 | short |
2014-02-04 14:43:00 | OAS | buy | $39.050 | short |
2014-02-04 14:43:00 | OAS | buy | $39.050 | short |
2014-02-04 14:43:00 | OAS | buy | $39.050 | short |
2014-02-04 14:43:00 | OAS | buy | $39.050 | 0 |
2014-02-04 14:45:00 | OAS | buy | $39.077 | long |
2014-02-04 14:45:00 | OAS | buy | $39.080 | long |
2014-02-04 14:45:00 | OAS | buy | $39.075 | long |
2014-02-04 14:45:00 | OAS | buy | $39.080 | long |
2014-02-04 14:45:00 | OAS | buy | $39.080 | long |
2014-02-04 14:47:00 | OAS | buy | $39.118 | long |
2014-02-04 14:52:00 | OAS | sell | $39.005 | 0 |
2014-02-04 14:56:00 | OAS | sell | $38.950 | short |
2014-02-04 15:11:00 | OAS | buy | $39.008 | 0 |
2014-02-04 15:12:00 | OAS | buy | $39.017 | long |
2014-02-04 15:12:00 | OAS | buy | $39.019 | long |
2014-02-04 15:22:00 | OAS | buy | $39.250 | long |
2014-02-04 15:22:00 | OAS | buy | $39.240 | long |
2014-02-04 15:22:00 | OAS | buy | $39.250 | long |
2014-02-04 15:22:00 | OAS | buy | $39.250 | long |
2014-02-04 15:22:00 | OAS | buy | $39.247 | long |
2014-02-04 15:22:00 | OAS | buy | $39.250 | long |
2014-02-04 15:22:00 | OAS | buy | $39.250 | long |
2014-02-04 15:24:00 | OAS | buy | $39.254 | long |
2014-02-04 15:24:00 | OAS | buy | $39.258 | long |
2014-02-04 15:29:00 | OAS | sell | $39.231 | 0 |
2014-02-04 15:31:00 | OAS | buy | $39.236 | long |
2014-02-04 15:35:00 | OAS | sell | $39.140 | long |
2014-02-04 15:35:00 | OAS | sell | $39.140 | long |
2014-02-04 15:35:00 | OAS | sell | $39.140 | long |
2014-02-04 15:35:00 | OAS | sell | $39.140 | long |
2014-02-04 15:35:00 | OAS | sell | $39.140 | 0 |
2014-02-04 15:35:00 | OAS | sell | $39.130 | short |
2014-02-04 15:39:00 | OAS | sell | $39.010 | short |
2014-02-04 15:39:00 | OAS | sell | $39.011 | short |
2014-02-04 15:48:00 | OAS | buy | $39.209 | 0 |
2014-02-04 15:48:00 | OAS | buy | $39.220 | long |
2014-02-04 15:48:00 | OAS | buy | $39.210 | long |
2014-02-04 15:48:00 | OAS | buy | $39.210 | long |
2014-02-04 15:48:00 | OAS | buy | $39.210 | long |
2014-02-04 15:48:00 | OAS | buy | $39.220 | long |
2014-02-04 15:48:00 | OAS | buy | $39.210 | long |
2014-02-04 15:48:00 | OAS | buy | $39.215 | long |
2014-02-04 15:48:00 | OAS | buy | $39.220 | long |
2014-02-04 15:52:00 | OAS | buy | $39.308 | long |
2014-02-04 15:56:00 | OAS | sell | $39.230 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.223 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.223 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.220 | long |
2014-02-04 15:56:00 | OAS | sell | $39.228 | 0 |
2014-02-04 15:57:00 | OAS | sell | $39.160 | short |
2014-02-04 15:57:00 | OAS | sell | $39.160 | short |
2014-02-04 15:57:00 | OAS | sell | $39.160 | short |
2014-02-04 15:57:00 | OAS | sell | $39.140 | short |
2014-02-04 15:59:00 | OAS | buy | $39.090 | short |
2014-02-04 15:59:00 | OAS | buy | $39.080 | short |
2014-02-04 15:59:00 | OAS | buy | $39.090 | 0 |
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