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foldelinio_BOWS
228.55M float/1.60% short float/no info on institutionals
playbook: Buffet buzzword. He's going to buy some shares. Buffet=good, recent IPO, premarket action, new all time high premarket.
On the negative side, it has a little too much float for my taste to develop momentum on a "weak" catalyst like this.
Stop: 30.70$
R: 5
604 APR 30 calls were traded on the offer, when the stock was slightly above strike price. I figured, if someone bought ATM calls 10 days out with Buffet around the corner, the stock might be stronger than it looked. 30.80s were line in the sand and they were approached on high volume.
I was bidding for the pullbacks with a tiny stop, because it never really traded on the bid and the spread was tight. I doubled up on the break, scaled out a little and added some on the pullback into .80s.
I got out as soon as it looked like a HOD retest.
Execution detail:
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