Trades for Thursday, July 27, 2017: + $360 Profits

27 Jul Trades for Thursday, July 27, 2017: + $360 Profits

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9:34 – SHORT 1300 SQ 27.61avg, COVERED 1300 at 27.45, out + .16          =          + $208

9:39 – SHORT 500 SQ 27.65, COVERED 300 at 27.62, out + .03, STOPPED 200 at 27.73, out - .08  =          - $7

9:49 – SHORT 2000 MRK 63.86avg, COVERED 1000 at 63.93, out - .07, COVERED 700 at 63.73, out + .13, STOPPED 300 at 64.01, out - .15        =          - $ 24

10:19 – SHORT 500 GNC 10.47, COVERED 10.27, out + .20  =          + $100

10:32 – SHORT 700 MRK 63.75avg, COVERED 700 at 63.66, out + .09         =          + $63

10:53 – SHORT 1500 MRK 63.85avg, COVERED 1300 at 63.82, out + .02, STOPPED 200 at 63.88, out - .03            =          + $20

Total Intra-day P/L:   + $360 Profits

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Summary

Choppy morning even as SPY grinded higher. We scalped SHORTS this morning on SQ in sympathywith PYPL. MRK was messy as it kept coiling that 63.71 and 63.65 fibs on the nose. We were able to hit some precision scalps on it as AZN moved inversely as a lead. As volume slowed to a crawl, the spreads were too choppy for a group. We hit GNC for a nice clean scalp off the stinky 5’s on a classic 1-minute mini inverse pup oscillation/reversion trade. Closed out morning with + $360 Profits.