1/28/2019 – $PEP


Stock Overview: Pepsi ($PEP) daily & weekly candle range break (LOWER). Alert set for a break of $109

Market Overview: Big gap down/selling after $CAT announced worse than expected earnings. Watchlist was mainly composed of long biased plays.

Technicals: Stock broke through Fridays LOD at $109. Didn’t catch the first wave of selling so waited for a backtest of VWAP. $PEP got stuffed trying to reclaim VWAP at 108.65.

Trade: The trade was buying puts on the VWAP stuff. Targeting .15 above the LOD (108.15)

Summary: Entered the Feb 15th $112 strike puts at $3.92 with the stock just below VWAP. Exited $108.25 after the stock failed to re-test the LOD.

Result: +.28 contract


Trade Plan
Entry: $108.62
Target: $108.15

Actual Exit: $108.25

Risking .33 to make .37


1 Year Trend: Neutral
200 day: Above
100 Day: Below
50 Day: Below
Weekly Candle Low: 108
Weekly Candle High: 109.60
Average Daily Volume: 6.14M
Opening 10 Min Volume: 172K
52 Week High: 122
52 Week Low: 95.94
Short Interest: .58%

Leave a Reply

Your email address will not be published. Required fields are marked *