16 Mar Trades for Wed, March 16, 2016: + $2,614 Profits
9:31 – SHORT 400 MNK 58, COVERED 57.44, out + .54        =         + $216
9:34 – BUY 200 VRX 31.66, SOLD 32.05, out + .39    =         + $78
9:37 – BUY 600 MNK 54.42avg, STOPPED 53.32, out – 1.10 =         - $660
9:45 – BUY 2700 MNK 51.88avg, SOLD 1500 at 52.88, out +1, SOLD 500 at 52.85, out + .97, SOLD 500 at 52.40, out + .52, SOLD 100 at 53.60, out + 1.72, SOLD 100 at 54.25, out + 2.37     =         + $2,654
10:00 – SHORT 1500 AAPL 105.21, COVERED 1200 at 105.12, out + .09, COVERED 200 at 105.08, out + .13, COVERED 100 at 105.03, out + .18    =         + $152
10:16 – SHORT 300 MNK 57.67avg, COVERED 200 at 57.05, out + .52, COVERED 100 at 56.97, out + .70 =           + $174
Total Daily P/L:Â Â Â Â Â Â Â Â Â + $2,614
Summary
SPY coiled off the daily 5 period ma back to the 202.19 which is the 1.618 fib. Amazing volatility this morning with VRX and MNK as the peer sympathy play since VRX was tough to borrow. We hit MNK SHORT off the open off 58 to scalp the quick leans through stinky 5s and fib 57.44, out + .54. MNK continued to sell-off very hard as we stopped out on MNK LONG at 54.42avg to stop out 53.32 out – 1.10 to wait out the selling. We scaled back into MNK LONG at 51.88avg on quadruple size for a beautiful bounce following on the heels of VRX bounce to scale out 52.88, 52.85, 52.40, 53.60 and 54.25, out + 1. + .97, + .95 as it ultimately climbed back to 57.90s! Wild action this morning and called it an early day. Closed out the morning with + $2,614 Profits in the first hour.
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