Trades for Thursday, Dec. 8, 2016: + $386 Profits

08 Dec Trades for Thursday, Dec. 8, 2016: + $386 Profits

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9:44 – SHORT 4000 JPM 84.97avg, COVERED 3000 at 84.90, out + .07, COVERED 500 at 84.77, out + .20, COVERED 300 at 84.84, out + .13, COVERED 200 at 84.76, out + .21           =          + $391

10:00 – SHORT 200 TLRD 26.15, STOPPED 26.50, out - .35   =          - $70

10:09 – SHORT 500 CIEN 24.37, COVERED 24.17, out + .20  =          + $100

10:25 – BUY 700 UAA 33avg, STOPPED 32.90, out - .10        =          - $70

Open Swings

12/7/2016 – LONG 500 SIGM 5.43avg,

Total Daily P/L:          + $386 Profits

 JPM12082016finalelabelled

Summary

SPY grinded to the 224.70 overshoots before chopping back down to 224.30 and 224.60 fibs. We scaled into JPM SHORTS at 84.97avg to scale the reversions on heavier shares. Very thin liquidity out there called for small clips and stops on the rest. Closed out the morning with + $386 profits.