Trades for Wednesday, May 31, 2017: + $635 Profits

31 May Trades for Wednesday, May 31, 2017: + $635 Profits

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9:33 – SHORT 2000 SQ 23.50avg, COVERED 1500 at 23.33, out + .17, COVERED 500 at 23.28, out + .22   =            + $365

9:42 – SHORT 300 KORS 32.81, COVERED 200 at 32.75, out + .06, STOPPED 32.95, out - .14         =          - $2

10:03 – BUY 300 EXAS 35.80, STOPPED 200 at 35.70, out - .10, STOPPED 100 at 35.53, out - .17   =          - $37

10:09 – SHORT 400 KORS 32.70, COVERED 300 at 32.53, out + .17, COVERED 100 at 32.45, out + .25      =            + $76

10:33 – BUY 1400 EXAS 35.99avg, SOLD 1100 at 36.18, out + .19, SOLD 200 at 36.10, out + .11, SOLD 100 at 36, out + .01    =          + $233

Total Intra-day P/L:   + $635 Profits

SQ05302017finfinale

Summary

SPY sold off to the daily 5 period ma overshoots at 241.08. We saw SQ spike towards that .618 fib while PYPL was selling off and scaled into the short at 23.50avg. We had a LIMIT SHORT at 23.58 but algos peaked it just shy at 23.57 HOD. We scalped the reversion tightenings back down at 23.33 and 23.28, out + .17 and  + .22 on decent size. We scalped KORS around the 32.75 super fib. EXAS was a strange bugger with a big PASSIVE seller at 32.80. We nailed it long when he finally stepped off as the 35.85 fib finally cracked for the squeeze to the 36.20s. Closed out the morning with + $635 Profits.