Stocks - DOCS Distribution until Aug 23 Short

Doximity, Inc.NYSE

Description

⋅ Aug 18, 2021 2:14 PM

Idea for DOCS:
- Exhaustion.
- Expecting a gap fill.
- Distribution until Aug 23.

Long 75P Sept 17 7.90 debit
Likely 3.26 R/R in 6 days TF

GLHF
- DPT

Trade closed: stop reached

⋅ Aug 23, 2021 2:44 PM

The distribution TF was correct, but it rallied through our stop immediately once it was over without hitting the desired PT.

Closed position for 3.80 credit (-52% PNL)

Comments

Dobrunia

⋅ Aug 18, 2021 4:34 PM

Nice!