Shared by
ephraim_elston
Was watching after-hours trading with the earnings release. So I had done my technical analysis and found that the lower Option barrier (@ 75/76) was lining up with the Anchored VWAP since the last swing low on the daily chart. And the stock bounced off that level in AH trading, so I was watching that level to hold during the session today. And it did, so I decided to just keep it a scalpy (got in and out) because it was counter to the intraday trend (bearish reaction to earnings). Could have exited closer to 77, but at least got out before it faded back to my entry point.
Solid trade overall. B setup, but executed it pretty well.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-11-08 09:44:11 | SQ | buy | $75.960 | long |
| 2018-11-08 09:47:09 | SQ | sell | $76.500 | 0 |
| 2018-11-08 09:51:20 | SQ | buy | $76.360 | long |
| 2018-11-08 09:51:32 | SQ | sell | $76.150 | 0 |
| 2018-11-08 09:52:17 | SQ | buy | $76.430 | long |
| 2018-11-08 09:53:03 | SQ | sell | $77.050 | 0 |
| 2018-11-08 10:02:17 | SQ | buy | $75.980 | long |
| 2018-11-08 10:04:28 | SQ | sell | $75.890 | 0 |
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