Like a few others, I too got in and out of Kala for a
$2.00/share gain earlier today. Volatility was insane
on the 5 minute chart. Rode it up to mid $18's before it
dropped briefly like a stone stopping me out at $18.15. Gave
it what I thought was enough room ($0.50 spread when it seemed soon
to correct from $18.65) but it wasn't sufficient. Watched it
pause then rocket another $3.00 higher before tailing off.
Movement like that is indeed rare. Wondering if Matt or
Steve can provide some guidance on how to trade high intraday
volatility. Even viewing the 5 minute chart I felt I couldn't
keep up. Does it come down to instincts (greed and fear) or
can the technicals help? Made $$$ so I'm pleased, but can't
help but feel I could have done better managing the position.
KALA finally some volume coming into it
Posted by matt on 26th of Jan 2023 at 11:28 am
KALA - Chart Link finally some volume came into it intra day
KALA - Chart Link daily, note the light volume pullback over the last month
Update: KALA finally some volume coming into it
Posted by matt on 26th of Jan 2023 at 11:53 am
KALA - Chart Link NICE!
KALA - Chart Link
Update: Update: KALA finally some volume coming into it
Posted by matt on 26th of Jan 2023 at 12:45 pm
KALA - Chart Link that was a great trade, made my day
been stalking that one for 2 weeks
KALA: How much room is
Posted by RichieD on 26th of Jan 2023 at 02:28 pm
KALA: How much room is too much room??
Like a few others, I too got in and out of Kala for a $2.00/share gain earlier today. Volatility was insane on the 5 minute chart. Rode it up to mid $18's before it dropped briefly like a stone stopping me out at $18.15. Gave it what I thought was enough room ($0.50 spread when it seemed soon to correct from $18.65) but it wasn't sufficient. Watched it pause then rocket another $3.00 higher before tailing off.
Movement like that is indeed rare. Wondering if Matt or Steve can provide some guidance on how to trade high intraday volatility. Even viewing the 5 minute chart I felt I couldn't keep up. Does it come down to instincts (greed and fear) or can the technicals help? Made $$$ so I'm pleased, but can't help but feel I could have done better managing the position.
Thanks I got in and
Posted by srusso1 on 26th of Jan 2023 at 12:51 pm
Thanks I got in and out $17 to $19 no confidence probably goes to the moon now
I looked at the right
Posted by diabloblanco on 26th of Jan 2023 at 01:06 pm
I looked at the right time and got a couple buck out of it TY
KALA - I was going
Posted by DigiNomad on 26th of Jan 2023 at 12:53 pm
KALA - I was going to poke my toe in but it looks like it is not optionable. That limits the upside severely these days, IMO.