BIIB Trade on Dec 23, 2014 14:10 from tombro: Tradervue User Stock Trades.

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tombro

 

Entered (late) on flag break
Better entries were at 1:45 on 1-2-3 setup @ 331.18 or flag break @ 2:05pm at 331.67
Stop 331.89
After I got into this, the combination of the spread,the way it was moving (maybe I hadn't fully accepted how a $332 stock moved), and that it was a 33k position, made me feel uncomfortable so I closed it early.
Before I bot the stock,I tried to buy the 330 calls, but the spread was wide,I didn't want to pay the ask, and didn't get filled between the mid and ask (mid= price between bid and ask)


Execution detail:

Date/time Symbol Side Price Position
2014-12-23 14:10:08 BIIB buy $332.430 long
2014-12-23 14:26:24 BIIB sell $333.080 long
2014-12-23 14:26:32 BIIB sell $333.080 0

Comments

Gravatar BenLbTrading
December 23, 2014

I get very nervous with large spreads and would've bailed out too.

Gravatar Nape_BOWS
December 25, 2014

You had it, but yeah you definitely have to stomach the pain when trading these large cap stocks as the spread does get wild.

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