PPD Swing

 

Been watching this for weeks. Market was dumping all day friday close, then ripped higher, PPD saw huge vol spike ripping past the bo levels and I got my alert. Call also saw big increase when its been dead for a while. Market is so odd past couple days. We die and sell off all day. Then huge spike at end of day. Edge overall to bulls, but ultimately looks like failed breakouts.

But not here. Some remained strong and held. Thats what im looking to stay in.

Entry
on BO/aggro

Stop 
Close under prev lo

Expectations.
Another one that should go and never come back.
Will happily add more if it shows up

PT
ATH. Nothing less.

2nd day

Held well, tested lower colsed near hod with another eod spike, looks great for more if we recover well. 

3rd day

Big break finally here. Closed above month and a half long range, out of triangle with vol bump. Should be turning point for big move. Will try to add.

Options not seeing any vol come in. 

4th day

Strong move at open during market weakness. Left add on, hit add as it came back to test bo level. 

5th day

Closed lower, still above major TL but not great action. Stuck in it. 

6th pretty much dead. Wont update til theres something notable. 3 weeks to exp.