CLVS Short To Gap Down Towards Price Target

The CLVS (Clovis Oncology Inc) Active Short Trade is trading sharply lower in pre-market, as low as 25.20 so far vs. the sole price target of 26.61. One could close the short trade here in pre-market in excess of that target or wait until the open & close the position, possibly getting an even better fill as the opening order imbalances could bring the stock below current pre-market levels (or they could buy the stock up). T1 at 26.61 remains the final target although as with all trade ideas, if a trade gaps beyond a profit target (or stop), the opening price is used in the profit (or loss) calculation as that is where any standing BTC limit orders for a short trade (or sell limit orders for longs) would be filled.

2016-10-07T09:09:22+00:00 Oct 7, 2016 9:09am|Categories: Completed Trades - Short|Tags: |Comments Off on CLVS Short To Gap Down Towards Price Target