Trades for Thursday, March 17th, 2016: + $688 Profits

17 Mar Trades for Thursday, March 17th, 2016: + $688 Profits

9:31 – SHORT 500 CAT 73.65, STOPPED 73.85, out - .20       =          - $100

9:36 – BUY 900 NFLX 101avg, SOLD 900 at 101.35, out + .35           =          + $315

9:41 – SHORT 600 HPQ 17.11avg, STOPPED 600 at 17.19, out - .08 =          - $80

9:43 – BUY 200 NFLX 100.93avg, SOLD 200 at 100.97, out + .04      =          + $8

10:13 – SHORT 2000 HPE 17.11avg, STOPPED 17.24, out - .13         =          - $260

10:14 – BUY 2300 NFLX 100.71avg, SOLD 1500 at 100.58, out - .13, SOLD 800 at 101, out + .29    =          - $68

10:29 – SHORT 2800 MNK 52.18avg, COVERED 2000 at 52.06, out + .12, COVERED 500 at 51.97, out + .21, COVERED 200 at 51.74, out + .42, COVERED 100 at 51.68, out + .50           =          + $479

10:55 – SHORT 800 MNK 52.25avg, COVERED 600 at 52.14, out + .11, STOPPED 200 at 52.35, out - .10   =            + $56

11:11: SHORT 1400 MNK 52.25avg, COVERED 1100 at 51.93, out + .32, STOPPED 200 at 52.32, out - .07 =            + $338

Total Daily P/L:          + $688

MNKVRX03172016finalleey

Summary

SPY had a shallow pullback and proceeded to grind on a perfect storm anchored by the daily pup and min pup breakout. Chopped around on CAT and HPE.  NFLX appeared to finally breakout but continued to see sell-fades as it eroded off the 60-minute upper bbs.  We scaled into and out to minimize the damage.  We hit MNX short multiple times on the key fib breaks on VRX. Closed out the morning with + $688 Profits.

 

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