BOX - Reversal Trade
This was an interesting trade and these scenarios unfold on rare occasions. The data revealed a beat on the main metric EPS – but the other data was mixed. Out initial call was for a pop post release and about 10 minutes before the announcement we got last minute intell the target was more likely to drop EVEN WITH A BEAT.
Note: The trading plan arrow pointing to the SELL entered about 20 minutes before market close. Watch the video below of how the trade unfolded. Doesn’t always go this way – but when it does its sweet. (Members in the trading room were the only ones to see this unfold, The move extended to a 21% Jump zone the next day)