Trades for Friday, September 4th, 2015

04 Sep Trades for Friday, September 4th, 2015

9:35 – SHORT 600 NFLX 98.97avg, COVERED 500 at 98.57, out + .40, COVERED 100 at 98.38, out + .59   =             + $259

9:55 – LONG 500 NAV 17.15, SOLD 17.48, out + .33  =          + $165

Total Daily P/L:          + $424

Total Weekly P/L:        + $3,023

Total Monthly P/L:      + $3,023

Total Yearly Profit:      + $89,351

NAV09042015 NFLX09042015

Summary:

SPY gapped down this morning and attempted to grind back up through the 193.56 fib but got smacked by down.  We scaled into NFLX SHORT at 98.97 average as the 1-minute faded to scalp out the reversions at 98.57 and 98.38 fib area, out + .40 and + .59.  We spotted NAV extreme sell-off through 3 fibs (1 was a super fib) and stinky 5s levels towards the 17.05 fib.  We took NAV LONG at 17.15 to scalp the thrusts through the super fib into stinky 5s range at 17.48, out + .33.  The 5 minute SPY was a tough boss chart this morning.  We wrapped up the trading in about 40 minutes.  Closed out the morning with + $424 profits and the week with + $3,023 profits.