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KSFO

Two After Market Trades Today April 29, 2020

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KSFO

First of all, I broke rules today by trading after market. However, here are my reasons. Any inputs are appreciated!

First one is BA, I was expecting it to have a sell off after 3 pm. But it was holding firmly at $139. Especially during the time SPY was dumping crazy, it still held $139 all the way to the last min. So I decided to hold it.  My entry was $139.25, my exit was $139.99. I did not spot any obvious signal on Level II.

The 2nd is FB, the price spiked after earnings were reported. I had two entry, the first one was $207 and sold at $208, then the 2nd entry was really a bad one at $214, I chased it further. My rational was given the reaction of the market after the earning report and big volumes,  it has to be big institutional buyers. so even I chased it tonight and couldn't dumped it. The price would probably still open higher tomorrow. 

However, I spotted 600K ASK stacking at $215 on Level II. So I put a limit order at $215 with the big boys and walked away. It got filled like 20 mins later. 

BA after market April 29, 2020.PNG

FB after market, April 29, 2020.PNG

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