GASX Signals Parameter Surface

GASX Daily (ACS BCS)

These Direxion Daily Natural Gas Related Bear 3X Shares (GASX) signals traded as directed would have provided returns around 172.0 times better than buy-hold for the period 06-Dec-17 to 06-Dec-19.

GASX Signal Performance

GASX Signals

I was able to optimize this algorithm for around $4m return, but I backed off the optimization a bit to account for lifetime and drawdown factors. The trading signals for Direxion Daily Natural Gas Related Bear 3X Shares (GASX) were selected for their reward/risk, longevity and parameter sensitivity characteristics. Backtests don't always generate reliable signals which can be counted on moving forward but many traders find value in knowing what buy and sell signals would have worked well in the past.

You may think the returns are unrealistically high, but the numbers presented are exactly what the strategy would have returned if followed as described (check the math if you are at all dubious). But as noted above, what the future holds is completely unknown.

Returns for the Direxion Daily Natural Gas Rela (GASX) signals

For the 504 day (2.0 year) period from Dec 6 2017 to Dec 6 2019, these signals for Direxion Daily Natural Gas Related Bear 3X Shares (GASX) traded both long and short would have yielded $2,365,918 in profits from a $10,000 initial investment, an annualized return of 1441.4%. Traded long only (no short selling) the signals would have returned $359,054, an annualized return of 507.5%. 54.9% of time was spent holding stock long. The return would have been $13,758 (an annualized return of 54.1%) if you had bought and held the stock for the same period.

Signals and Trades

We call this a daily strategy as daily OHLC data is used in the numerical analysis leading to at most one buy signal and one sell signal per day. However, not all signals result in trades. If you are already long in a security, buy signals are not acted upon, similarly if you are short you should ignore sell signals. There were 418 buy signals and 355 sell signals for this particular GASX strategy (270 dual signal days) which in turn led to 188 round trip long trades of which 102 were profitable, and 189 short trades of which 104 were profitable.

Drawdown and Reward/Risk

Drawdown (the worst case loss for an single entry and exit into the strategy) was 33% for long-short and 25% for long only. This compares to 63% for buy-hold. The reward/risk for the trading long and short was 38.33 compared to 0.79 for buy-hold, a factor of 48.5 improvement. If traded long only, the reward/risk was 16.90. We use drawdown plus 5% as our risk metric, and annualized return as the reward metric.

The backtests assume a commission per trade of $7. Returns have been adjusted for 6 dividends.

Parameter sensitivity

We look for signals which are not too sensitive to changes in the buy or sell point. Here you see the effect on reward-risk when the buy point or sell point is changed. The surface plot above can also be used for this analysis, here we just show the cross section of the surface at the buy and sell points.

GASX D ACS BCS Scan

Trade List

Click to see trades

Day of signal Buy or Sell Price L&S Value Next Open
12/7/2017 C/B S 29.88 9,875
12/7/2017 S/Sh S 29.55 9,875
12/8/2017 Sht S 28.35 9,976
12/12/2017 RvL S 27.89 10,065
12/18/2017 RvS S 30.36 11,389
12/19/2017 RvL S 28.96 11,409
12/20/2017 RvS S 28.57 11,542
12/21/2017 RvL S 27.72 10,417
12/22/2017 RvS S 24.79 10,370
12/27/2017 RvL S 23.10 11,004
12/28/2017 RvS S 23.15 11,074
12/29/2017 RvL S 22.97 10,901
1/2/2018 RvS S 22.64 11,522
1/3/2018 RvL S 21.32 11,327
1/4/2018 RvS S 20.71 11,202
1/5/2018 RvL S 20.65 11,458
1/8/2018 RvS S 20.90 11,669
1/9/2018 RvL S 20.38 11,477
1/10/2018 RvS S 20.20 11,480
1/12/2018 RvL S 19.44 11,562
1/16/2018 RvS S 18.76 10,884
1/17/2018 RvL S 19.77 10,843
1/22/2018 RvS S 20.53 12,246
1/23/2018 RvL S 18.90 11,802
1/24/2018 RvS S 18.30 11,589
1/25/2018 RvL S 18.57 11,910
1/26/2018 RvS S 19.24 11,426
1/29/2018 RvL S 20.00 11,988
1/31/2018 RvS S 22.28 12,461
2/1/2018 RvL S 22.70 12,502
2/6/2018 RvS S 27.55 15,774
2/7/2018 RvL S 26.46 17,071
2/8/2018 RvS S 28.49 15,019
2/9/2018 RvL S 32.09 14,674
2/12/2018 RvS S 32.00 15,306
2/13/2018 RvL S 30.59 16,382
2/14/2018 RvS S 31.15 16,897
2/15/2018 RvL S 28.67 16,622
2/16/2018 RvS S 28.41 16,205
2/20/2018 RvL S 29.10 15,824
2/21/2018 RvS S 28.44 14,364
2/22/2018 RvL S 31.05 13,756
2/23/2018 RvS S 29.77 14,628
2/27/2018 RvL S 27.85 14,908
2/28/2018 RvS S 28.41 13,358
3/1/2018 RvL S 31.34 13,316
3/2/2018 RvS S 30.02 13,564
3/6/2018 RvL S 26.99 15,157
3/8/2018 RvS S 28.55 14,909
3/12/2018 RvL S 27.50 15,200
3/13/2018 RvS S 26.68 14,699
3/14/2018 RvL S 27.09 14,636
3/15/2018 RvS S 27.05 13,330
3/19/2018 RvL S 28.84 14,161
3/20/2018 RvS S 29.94 14,506
3/22/2018 RvL S 27.82 15,135
3/23/2018 RvS S 27.67 14,628
3/26/2018 RvL S 28.42 14,254
3/29/2018 RvS S 30.27 16,461
4/2/2018 RvL S 28.50 17,532
4/3/2018 RvS S 30.38 16,872
4/4/2018 RvL S 31.50 15,723
4/5/2018 RvS S 29.38 16,501
4/6/2018 RvL S 27.90 17,440
4/9/2018 RvS S 29.51 18,173
4/11/2018 RvL S 26.34 18,012
4/12/2018 RvS S 24.60 17,457
4/13/2018 RvL S 25.34 16,865
4/16/2018 RvS S 24.18 16,849
4/17/2018 RvL S 23.87 16,179
4/18/2018 RvS S 22.94 17,138
4/19/2018 RvL S 21.56 17,553
4/23/2018 RvS S 22.15 17,852
4/24/2018 RvL S 21.81 18,623
4/25/2018 RvS S 22.41 18,814
4/26/2018 RvL S 21.86 18,776
4/30/2018 RvS S 21.81 18,685
5/1/2018 RvL S 21.81 18,568
5/2/2018 RvS S 21.51 18,088
5/3/2018 RvL S 21.87 19,339
5/4/2018 RvS S 23.20 20,528
5/8/2018 RvL S 22.10 18,952
5/9/2018 RvS S 20.67 19,464
5/10/2018 RvL S 19.89 19,313
5/14/2018 RvS S 20.10 20,208
5/15/2018 RvL S 19.52 20,030
5/16/2018 RvS S 19.20 20,330
5/18/2018 RvL S 17.73 21,311
5/21/2018 RvS S 17.70 21,875
5/22/2018 RvL S 17.22 23,346
5/30/2018 RvS S 20.54 28,028
5/31/2018 RvL S 18.99 28,442
6/1/2018 RvS S 19.04 27,922
6/4/2018 RvL S 19.27 30,533
6/5/2018 RvS S 20.81 29,925
6/6/2018 RvL S 20.88 29,233
6/7/2018 RvS S 20.47 30,675
6/8/2018 RvL S 19.45 31,418
6/11/2018 RvS S 19.51 31,551
6/12/2018 RvL S 19.00 30,989
6/13/2018 RvS S 18.57 31,432
6/14/2018 RvL S 18.53 32,659
6/18/2018 RvS S 20.69 34,958
6/19/2018 RvL S 20.39 32,796
6/20/2018 RvS S 19.00 33,291
6/21/2018 RvL S 18.54 32,302
6/22/2018 RvS S 18.00 32,288
6/25/2018 RvL S 18.00 34,229
6/26/2018 RvS S 18.97 36,112
6/27/2018 RvL S 17.79 35,104
6/28/2018 RvS S 17.14 34,379
6/29/2018 RvL S 17.34 34,682
7/3/2018 RvS S 17.50 34,707
7/5/2018 RvL S 17.62 33,677
7/6/2018 RvS S 17.25 35,243
7/10/2018 RvL S 15.62 37,523
7/12/2018 RvS S 16.23 37,486
7/13/2018 RvL S 16.55 38,717
7/17/2018 RvS S 17.08 37,211
7/18/2018 RvL S 17.71 35,874
7/19/2018 RvS S 16.94 36,293
7/20/2018 RvL S 16.59 36,353
7/23/2018 RvS S 16.62 35,117
7/24/2018 RvL S 17.18 34,939
7/25/2018 RvS S 16.87 35,220
7/26/2018 RvL S 16.49 35,312
7/30/2018 RvS S 17.74 38,714
7/31/2018 RvL S 17.34 39,530
8/2/2018 RvS S 17.41 37,649
8/3/2018 RvL S 17.95 37,215
8/6/2018 RvS S 17.75 38,438
8/7/2018 RvL S 17.63 38,759
8/10/2018 RvS S 18.44 39,164
8/13/2018 RvL S 18.44 38,916
8/14/2018 RvS S 18.33 35,825
8/15/2018 RvL S 19.78 36,300
8/16/2018 RvS S 20.05 35,182
8/17/2018 RvL S 20.66 34,587
8/20/2018 RvS S 20.29 35,930
8/23/2018 RvL S 18.43 36,606
8/24/2018 RvS S 17.91 36,428
8/27/2018 RvL S 17.99 36,151
8/28/2018 RvS S 17.86 35,045
8/30/2018 RvL S 18.08 36,720
9/4/2018 RvS S 18.47 33,779
9/5/2018 RvL S 19.83 34,140
9/10/2018 RvS S 20.90 34,831
9/11/2018 RvL S 21.34 32,484
9/12/2018 RvS S 19.91 32,943
9/13/2018 RvL S 19.62 32,811
9/14/2018 RvS S 19.55 32,579
9/17/2018 RvL S 19.68 31,870
9/18/2018 RvS S 19.26 32,088
9/20/2018 RvL S 18.33 34,085
9/21/2018 RvS S 18.23 33,818
9/24/2018 RvL S 18.28 32,331
9/27/2018 RvS S 18.72 33,654
9/28/2018 RvL S 18.89 31,895
10/1/2018 RvS S 17.91 32,522
10/2/2018 RvL S 17.67 32,670
10/3/2018 RvS S 17.78 33,981
10/4/2018 RvL S 16.96 34,948
10/8/2018 RvS S 17.32 34,446
10/9/2018 RvL S 17.44 32,695
10/12/2018 RvS S 18.24 34,893
10/15/2018 RvL S 19.09 33,230
10/16/2018 RvS S 18.20 32,456
10/17/2018 RvL S 18.32 34,665
10/19/2018 RvS S 19.74 34,856
10/22/2018 RvL S 19.80 38,819
10/25/2018 RvS S 26.00 44,120
10/26/2018 RvL S 26.92 44,073
10/29/2018 RvS S 26.90 38,555
10/30/2018 RvL S 30.26 33,854
10/31/2018 RvS S 26.58 34,870
11/1/2018 RvL S 26.63 31,866
11/2/2018 RvS S 25.13 32,106
11/6/2018 RvL S 24.11 31,386
11/7/2018 RvS S 22.84 30,836
11/8/2018 RvL S 23.23 33,171
11/9/2018 RvS S 24.42 32,979
11/12/2018 RvL S 24.48 34,499
11/13/2018 RvS S 26.15 34,841
11/14/2018 RvL S 27.76 34,364
11/15/2018 RvS S 28.64 34,658
11/16/2018 RvL S 28.01 35,817
11/19/2018 RvS S 28.38 33,273
11/20/2018 RvL S 29.39 36,359
11/21/2018 RvS S 32.03 35,505
11/23/2018 RvL S 32.67 34,633
11/26/2018 RvS S 31.88 34,350
11/27/2018 RvL S 32.13 35,802
11/28/2018 RvS S 33.23 37,398
11/29/2018 RvL S 31.79 38,564
12/3/2018 RvS S 30.77 37,466
12/4/2018 RvL S 29.35 42,442
12/7/2018 RvS S 33.59 40,387
12/10/2018 RvL S 35.52 40,884
12/11/2018 RvS S 35.97 41,052
12/13/2018 RvL S 36.75 41,301
12/17/2018 RvS S 41.52 39,523
12/18/2018 RvL S 46.69 41,599
12/19/2018 RvS S 48.59 37,268
12/20/2018 RvL S 53.12 39,743
12/21/2018 RvS S 55.93 35,048
12/24/2018 RvL S 61.86 38,874
12/26/2018 RvS S 68.06 46,269
12/27/2018 RvL S 54.40 41,511
12/28/2018 RvS S 48.86 38,397
12/31/2018 RvL S 53.10 40,702
1/2/2019 RvS S 52.69 41,445
1/3/2019 RvL S 47.64 39,613
1/4/2019 RvS S 45.84 45,361
1/10/2019 RvL S 33.43 50,019
1/14/2019 RvS S 32.84 49,710
1/16/2019 RvL S 31.19 53,052
1/17/2019 RvS S 30.96 51,933
1/18/2019 RvL S 30.69 51,614
1/23/2019 RvS S 31.65 49,385
1/24/2019 RvL S 34.10 46,765
1/25/2019 RvS S 32.30 46,245
1/28/2019 RvL S 32.65 45,848
1/29/2019 RvS S 32.38 47,788
1/30/2019 RvL S 31.63 43,937
2/1/2019 RvS S 31.73 45,823
2/4/2019 RvL S 32.53 44,331
2/11/2019 RvS S 39.83 61,476
2/14/2019 RvL S 34.07 61,692
2/15/2019 RvS S 32.75 63,656
2/19/2019 RvL S 31.70 62,277
2/20/2019 RvS S 30.46 62,069
2/21/2019 RvL S 30.00 64,103
2/22/2019 RvS S 30.99 63,014
2/25/2019 RvL S 31.51 61,320
2/26/2019 RvS S 30.62 59,250
2/27/2019 RvL S 32.14 57,831
2/28/2019 RvS S 31.96 57,654
3/4/2019 RvL S 30.78 58,694
3/7/2019 RvS S 32.60 57,357
3/8/2019 RvL S 35.74 59,140
3/11/2019 RvS S 36.55 61,501
3/14/2019 RvL S 31.20 68,576
3/18/2019 RvS S 31.70 74,075
3/19/2019 RvL S 29.43 75,217
3/20/2019 RvS S 30.01 79,271
3/21/2019 RvL S 28.02 78,917
3/25/2019 RvS S 30.10 87,473
3/27/2019 RvL S 28.52 92,533
3/28/2019 RvS S 28.83 93,843
3/29/2019 RvL S 28.01 92,064
4/1/2019 RvS S 27.71 93,591
4/2/2019 RvL S 27.25 95,618
4/3/2019 RvS S 27.81 87,529
4/4/2019 RvL S 30.18 83,739
4/5/2019 RvS S 28.93 89,976
4/8/2019 RvL S 26.77 89,323
4/10/2019 RvS S 27.40 89,209
4/11/2019 RvL S 28.25 81,365
4/12/2019 RvS S 25.77 81,287
4/15/2019 RvL S 25.79 81,904
4/16/2019 RvS S 25.96 82,489
4/17/2019 RvL S 25.74 84,301
4/22/2019 RvS S 26.64 89,638
4/23/2019 RvL S 25.30 88,384
4/29/2019 RvS S 28.24 100,384
4/30/2019 RvL S 28.44 105,174
5/3/2019 RvS S 34.74 122,455
5/6/2019 RvL S 34.41 120,164
5/8/2019 RvS S 33.01 117,199
5/9/2019 RvL S 33.08 115,803
5/10/2019 RvS S 32.29 114,950
5/13/2019 RvL S 32.12 119,874
5/14/2019 RvS S 33.50 120,969
5/15/2019 RvL S 33.19 110,168
5/16/2019 RvS S 30.23 107,166
5/17/2019 RvL S 31.05 113,536
5/21/2019 RvS S 33.12 118,042
5/22/2019 RvL S 32.03 136,048
5/24/2019 RvS S 39.88 146,809
5/28/2019 RvL S 39.99 159,833
6/3/2019 RvS S 46.23 176,494
6/5/2019 RvL S 42.44 202,429
6/6/2019 RvS S 46.65 203,968
6/7/2019 RvL S 46.08 202,803
6/10/2019 RvS S 45.82 197,567
6/11/2019 RvL S 47.85 203,310
6/13/2019 RvS S 49.60 204,430
6/14/2019 RvL S 48.77 224,931
6/17/2019 RvS S 52.06 230,895
6/19/2019 RvL S 47.22 229,330
6/20/2019 RvS S 45.46 234,309
6/21/2019 RvL S 44.66 232,615
6/24/2019 RvS S 44.53 217,296
6/25/2019 RvL S 47.46 210,395
6/26/2019 RvS S 46.08 221,703
6/27/2019 RvL S 43.60 215,740
6/28/2019 RvS S 42.43 234,233
7/1/2019 RvL S 41.42 222,484
7/3/2019 RvS S 45.65 243,570
7/5/2019 RvL S 45.63 232,827
7/8/2019 RvS S 43.24 217,267
7/9/2019 RvL S 45.78 212,792
7/10/2019 RvS S 44.84 225,353
7/11/2019 RvL S 42.27 239,663
7/12/2019 RvS S 44.72 240,566
7/15/2019 RvL S 44.29 260,723
7/19/2019 RvS S 56.81 314,251
7/22/2019 RvL S 55.70 311,416
7/23/2019 RvS S 54.74 311,924
7/24/2019 RvL S 54.18 310,845
7/30/2019 RvS S 68.53 474,578
7/31/2019 RvL S 55.76 481,036
8/2/2019 RvS S 63.74 482,535
8/5/2019 RvL S 69.99 503,203
8/6/2019 RvS S 72.99 438,041
8/7/2019 RvL S 82.44 404,235
8/8/2019 RvS S 76.08 427,173
8/9/2019 RvL S 73.52 433,702
8/13/2019 RvS S 77.81 413,011
8/14/2019 RvL S 82.95 456,462
8/16/2019 RvS S 89.10 506,185
8/20/2019 RvL S 72.87 511,944
8/21/2019 RvS S 71.14 494,587
8/22/2019 RvL S 74.65 541,109
8/26/2019 RvS S 86.93 577,277
8/27/2019 RvL S 87.78 567,311
8/28/2019 RvS S 88.74 640,622
8/30/2019 RvL S 71.54 774,836
9/4/2019 RvS S 77.10 786,938
9/6/2019 RvL S 69.36 774,975
9/9/2019 RvS S 66.93 902,326
9/10/2019 RvL S 57.69 868,043
9/11/2019 RvS S 56.79 818,964
9/12/2019 RvL S 60.00 778,685
9/13/2019 RvS S 57.05 962,113
9/17/2019 RvL S 38.64 1,199,991
9/19/2019 RvS S 44.05 1,086,429
9/20/2019 RvL S 47.81 1,098,911
9/27/2019 RvS S 57.66 1,224,695
9/30/2019 RvL S 60.85 1,217,234
10/1/2019 RvS S 60.06 1,011,179
10/2/2019 RvL S 69.88 1,085,107
10/3/2019 RvS S 72.28 1,110,493
10/4/2019 RvL S 68.41 1,129,288
10/9/2019 RvS S 78.37 1,212,377
10/10/2019 RvL S 81.46 1,159,231
10/11/2019 RvS S 77.89 1,148,054
10/14/2019 RvL S 78.64 1,160,011
10/15/2019 RvS S 78.02 1,150,920
10/16/2019 RvL S 77.20 1,188,027
10/17/2019 RvS S 79.22 1,184,850
10/18/2019 RvL S 78.96 1,332,190
10/21/2019 RvS S 85.77 1,316,822
10/22/2019 RvL S 83.97 1,261,667
10/23/2019 RvS S 80.11 1,372,977
10/24/2019 RvL S 74.87 1,378,959
10/25/2019 RvS S 75.84 1,480,745
10/28/2019 RvL S 70.02 1,529,387
10/29/2019 RvS S 73.50 1,719,349
10/30/2019 RvL S 67.00 1,858,833
10/31/2019 RvS S 74.55 1,848,061
11/5/2019 RvL S 55.62 2,317,776
11/6/2019 RvS S 55.09 2,291,816
11/8/2019 RvL S 59.00 2,133,689
11/12/2019 RvS S 59.51 2,029,346
11/13/2019 RvL S 63.00 2,036,741
11/14/2019 RvS S 63.23 1,951,689
11/15/2019 RvL S 65.87 1,884,120
11/20/2019 RvS S 76.23 2,330,321
11/21/2019 RvL S 74.74 2,202,410
11/22/2019 RvS S 71.36 2,166,071
11/25/2019 RvL S 72.41 2,023,069
11/27/2019 RvS S 73.10 2,172,669
11/29/2019 RvL S 73.57 2,173,245
12/2/2019 RvS S 73.59 1,983,934
12/3/2019 RvL S 80.00 1,937,794
12/4/2019 RvS S 78.14 2,132,202
12/5/2019 RvL S 71.24 2,175,949
12/6/2019 RvS S 73.39 2,375,918
12/9/2019 Last 66.51 2,375,918

Split adjusted prices used throughout.
Key:

RvL S: Reverse Long at signal price (go from a short position to a long position by covering and buying)
RvS S: Reverse Short at signal price (go from a long position to a short position by selling then shorting)
Cov S: Cover at the signal price
Buy S: Buy at the signal price
Sht S: Short at the signal price
Sell S: Sell at the signal price
C/B S: Cover or buy at the signal price (not clear which signal came first)
S/Sh S: Sell or short at the signal price (not clear which signal came first)
Cov o: Cover a short position at the subsequent weekly open
Sell o: Close a long position at the subsequent weekly open

Update 1/9/20

Click to see trades

Showing trades from 12/4 as this was the last clear signal before publication.

Day of signal Buy or Sell Price L&S Value Next Open
12/4/2019 Sht S 78.14 10,996
12/5/2019 RvL S 71.24 11,207
12/6/2019 RvS S 73.39 11,873
12/9/2019 RvL S 68.80 10,595
12/10/2019 RvS S 61.17 10,732
12/11/2019 RvL S 60.00 10,807
12/12/2019 RvS S 60.28 12,017
12/13/2019 RvL S 53.24 12,365
12/16/2019 RvS S 54.87 12,979
12/17/2019 RvL S 52.08 12,315
12/18/2019 RvS S 47.84 12,355
12/19/2019 RvL S 46.00 11,604
12/20/2019 RvS S 43.25 10,997
12/23/2019 RvL S 45.46 9,858
12/24/2019 RvS S 40.70 9,851
12/27/2019 RvL S 40.41 10,503
12/30/2019 RvS S 42.96 10,192
12/31/2019 RvL S 44.10 9,349
1/2/2020 RvS S 40.51 9,453
1/6/2020 RvL S 39.87 9,140
1/7/2020 RvS S 38.48 9,335
1/8/2020 RvL S 37.60 10,392

GASX Daily (ACS BOS OO)

Trade List

Click to see trades

Split adjusted prices used throughout.
Key:
Cov o: Cover at subsequent open
Sell o: Sell at subsequent open
Sht S: Short at the signal price
Buy S: Buy at the signal price
C/B S: Cover or buy at the signal price
S/Sh S: Sell or short at the signal price

Note: Since we can't tell which C/B or S/Sh signal came first, we average the result of both the Sh then Cov and Buy then Sell, which may lead to a small error. Trades assume $0 commission.

Day of signal Buy or Sell Price L&S Value Next Open
12/7/2017 Sht S 29.83 10,480
12/7/2017 Cov o 28.35 10,480
12/8/2017 Sht S 28.30 10,561
12/8/2017 Cov o 28.04 10,561
12/11/2017 Sht S 27.99 10,584
12/11/2017 Cov o 27.89 10,584
12/12/2017 C/B S 27.89 10,551
12/12/2017 S/Sh S 27.84 10,551
12/13/2017 C/B S 28.03 10,521
12/13/2017 S/Sh S 27.99 10,521
12/14/2017 C/B S 28.75 10,496
12/14/2017 S/Sh S 28.72 10,496
12/15/2017 Buy S 29.26 10,874
12/15/2017 Sell o 30.36 10,874
12/18/2017 Sht S 30.33 11,350
12/18/2017 Cov o 28.96 11,350
12/19/2017 Sht S 28.93 11,290
12/19/2017 Cov o 29.05 11,290
12/20/2017 C/B S 29.05 11,263
12/20/2017 S/Sh S 29.01 11,263
12/21/2017 C/B S 27.72 11,238
12/21/2017 S/Sh S 27.69 11,238
12/22/2017 Sht S 25.01 11,404
12/22/2017 Cov o 24.61 11,404
12/26/2017 Sht S 24.55 12,063
12/26/2017 Cov o 23.10 12,063
12/27/2017 Buy S 23.52 11,856
12/27/2017 Sell o 23.15 11,856
12/28/2017 Sht S 23.07 11,892
12/28/2017 Cov o 22.97 11,892
12/29/2017 C/B S 23.07 11,789
12/29/2017 S/Sh S 22.89 11,789
1/2/2018 Sht S 22.58 12,431
1/2/2018 Cov o 21.32 12,431
1/3/2018 Sht S 21.27 12,585
1/3/2018 Cov o 20.99 12,585
1/4/2018 C/B S 21.03 12,520
1/4/2018 S/Sh S 20.94 12,520
1/5/2018 Buy S 20.65 12,809
1/5/2018 Sell o 21.15 12,809
1/8/2018 C/B S 21.21 12,737
1/8/2018 S/Sh S 21.11 12,737
1/9/2018 Sht S 20.21 12,727
1/9/2018 Cov o 20.20 12,727
1/10/2018 C/B S 20.58 12,454
1/10/2018 S/Sh S 20.17 12,454
1/11/2018 Sht S 20.15 12,879
1/11/2018 Cov o 19.44 12,879
1/12/2018 C/B S 19.44 12,853
1/12/2018 S/Sh S 19.42 12,853
1/16/2018 C/B S 19.00 12,768
1/16/2018 S/Sh S 18.90 12,768
1/17/2018 C/B S 20.00 12,542
1/17/2018 S/Sh S 19.66 12,542
1/18/2018 Buy S 19.82 13,021
1/18/2018 Sell o 20.60 13,021
1/19/2018 C/B S 20.60 12,997
1/19/2018 S/Sh S 20.58 12,997
1/22/2018 Sht S 20.58 14,207
1/22/2018 Cov o 18.64 14,207
1/23/2018 C/B S 19.09 13,839
1/23/2018 S/Sh S 18.62 13,839
1/24/2018 C/B S 18.53 13,750
1/24/2018 S/Sh S 18.43 13,750
1/25/2018 Buy S 18.79 14,067
1/25/2018 Sell o 19.24 14,067
1/26/2018 Sht S 19.21 13,477
1/26/2018 Cov o 20.00 13,477
1/29/2018 C/B S 20.00 13,445
1/29/2018 S/Sh S 19.97 13,445
1/30/2018 Buy S 21.01 14,307
1/30/2018 Sell o 22.38 14,307
1/31/2018 C/B S 22.59 14,133
1/31/2018 S/Sh S 22.34 14,133
2/1/2018 C/B S 22.95 13,933
2/1/2018 S/Sh S 22.65 13,933
2/2/2018 Buy S 22.80 15,874
2/2/2018 Sell o 26.00 15,874
2/5/2018 C/B S 26.00 15,821
2/5/2018 S/Sh S 25.94 15,821
2/6/2018 C/B S 28.75 15,762
2/6/2018 S/Sh S 28.67 15,762
2/7/2018 C/B S 26.95 15,309
2/7/2018 S/Sh S 26.21 15,309
2/8/2018 C/B S 29.01 15,150
2/8/2018 S/Sh S 28.74 15,150
2/9/2018 C/B S 32.63 14,604
2/9/2018 S/Sh S 31.50 14,604
2/12/2018 Sht S 31.88 15,179
2/12/2018 Cov o 30.59 15,179
2/13/2018 Buy S 30.59 16,246
2/13/2018 Sell o 32.77 16,246
2/14/2018 C/B S 32.77 16,189
2/14/2018 S/Sh S 32.68 16,189
2/15/2018 C/B S 29.12 15,762
2/15/2018 S/Sh S 28.39 15,762
2/16/2018 C/B S 29.02 15,375
2/16/2018 S/Sh S 28.34 15,375
2/20/2018 Sht S 29.04 15,680
2/20/2018 Cov o 28.44 15,680
2/21/2018 Buy S 29.16 16,678
2/21/2018 Sell o 31.04 16,678
2/22/2018 C/B S 31.39 16,457
2/22/2018 S/Sh S 31.00 16,457
2/23/2018 Sht S 29.73 17,484
2/23/2018 Cov o 27.85 17,484
2/26/2018 Sht S 27.82 17,451
2/26/2018 Cov o 27.85 17,451
2/27/2018 C/B S 27.99 17,331
2/27/2018 S/Sh S 27.82 17,331
2/28/2018 Buy S 29.34 18,497
2/28/2018 Sell o 31.34 18,497
3/1/2018 C/B S 31.34 18,464
3/1/2018 S/Sh S 31.31 18,464
3/2/2018 C/B S 31.27 18,428
3/2/2018 S/Sh S 31.24 18,428
3/5/2018 Sht S 28.10 19,275
3/5/2018 Cov o 26.79 19,275
3/6/2018 C/B S 27.30 18,866
3/6/2018 S/Sh S 26.75 18,866
3/7/2018 C/B S 29.13 18,823
3/7/2018 S/Sh S 29.09 18,823
3/8/2018 Buy S 29.06 18,394
3/8/2018 Sell o 28.42 18,394
3/9/2018 Sht S 28.38 18,949
3/9/2018 Cov o 27.50 18,949
3/12/2018 Sht S 27.46 19,121
3/12/2018 Cov o 27.19 19,121
3/13/2018 C/B S 27.19 19,081
3/13/2018 S/Sh S 27.15 19,081
3/14/2018 Buy S 27.37 18,842
3/14/2018 Sell o 27.05 18,842
3/15/2018 C/B S 27.79 18,296
3/15/2018 S/Sh S 27.02 18,296
3/16/2018 Sht S 29.41 18,638
3/16/2018 Cov o 28.84 18,638
3/19/2018 Buy S 28.84 19,335
3/19/2018 Sell o 29.94 19,335
3/21/2018 Sht S 29.13 20,193
3/21/2018 Cov o 27.82 20,193
3/22/2018 C/B S 27.82 20,148
3/22/2018 S/Sh S 27.78 20,148
3/23/2018 C/B S 28.03 19,950
3/23/2018 S/Sh S 27.78 19,950
3/26/2018 C/B S 28.61 19,774
3/26/2018 S/Sh S 28.38 19,774
3/27/2018 C/B S 27.72 19,732
3/27/2018 S/Sh S 27.68 19,732
3/28/2018 C/B S 29.58 19,692
3/28/2018 S/Sh S 29.54 19,692
3/29/2018 Sht S 30.23 20,805
3/29/2018 Cov o 28.50 20,805
4/2/2018 Buy S 28.50 22,163
4/2/2018 Sell o 30.38 22,163
4/3/2018 Sht S 30.34 21,301
4/3/2018 Cov o 31.50 21,301
4/4/2018 C/B S 31.50 21,259
4/4/2018 S/Sh S 31.46 21,259
4/5/2018 Sht S 29.34 22,292
4/5/2018 Cov o 27.90 22,292
4/6/2018 Buy S 27.90 23,567
4/6/2018 Sell o 29.51 23,567
4/9/2018 Sht S 29.48 24,538
4/9/2018 Cov o 28.25 24,538
4/10/2018 Sht S 28.22 26,157
4/10/2018 Cov o 26.34 26,157
4/11/2018 Sht S 26.29 27,825
4/11/2018 Cov o 24.60 27,825
4/12/2018 Buy S 25.04 28,148
4/12/2018 Sell o 25.34 28,148
4/13/2018 Sht S 25.27 28,993
4/13/2018 Cov o 24.50 28,993
4/16/2018 C/B S 24.61 28,771
4/16/2018 S/Sh S 24.43 28,771
4/17/2018 Sht S 23.80 29,795
4/17/2018 Cov o 22.94 29,795
4/18/2018 Sht S 22.88 31,497
4/18/2018 Cov o 21.56 31,497
4/19/2018 C/B S 21.75 31,135
4/19/2018 S/Sh S 21.51 31,135
4/20/2018 Buy S 22.10 32,177
4/20/2018 Sell o 22.85 32,177
4/23/2018 C/B S 22.85 32,098
4/23/2018 S/Sh S 22.80 32,098
4/24/2018 C/B S 21.82 32,009
4/24/2018 S/Sh S 21.77 32,009
4/25/2018 C/B S 22.77 31,952
4/25/2018 S/Sh S 22.74 31,952
4/26/2018 Sht S 21.78 31,774
4/26/2018 Cov o 21.89 31,774
4/27/2018 C/B S 21.89 31,738
4/27/2018 S/Sh S 21.87 31,738
4/30/2018 Sht S 21.99 31,990
4/30/2018 Cov o 21.81 31,990
5/1/2018 C/B S 21.81 31,952
5/1/2018 S/Sh S 21.79 31,952
5/2/2018 C/B S 21.74 31,841
5/2/2018 S/Sh S 21.67 31,841
5/3/2018 Buy S 21.96 33,915
5/3/2018 Sell o 23.40 33,915
5/4/2018 C/B S 23.46 33,787
5/4/2018 S/Sh S 23.38 33,787
5/7/2018 Sht S 21.53 32,877
5/7/2018 Cov o 22.10 32,877
5/8/2018 C/B S 22.10 32,828
5/8/2018 S/Sh S 22.08 32,828
5/9/2018 Sht S 20.86 34,335
5/9/2018 Cov o 19.89 34,335
5/10/2018 C/B S 20.02 34,034
5/10/2018 S/Sh S 19.85 34,034
5/11/2018 C/B S 19.77 33,906
5/11/2018 S/Sh S 19.71 33,906
5/14/2018 Sht S 20.05 34,794
5/14/2018 Cov o 19.52 34,794
5/15/2018 C/B S 19.67 34,441
5/15/2018 S/Sh S 19.48 34,441
5/16/2018 C/B S 19.47 34,187
5/16/2018 S/Sh S 19.33 34,187
5/17/2018 Sht S 18.70 35,940
5/17/2018 Cov o 17.73 35,940
5/18/2018 Buy S 17.76 35,809
5/18/2018 Sell o 17.70 35,809
5/21/2018 Sht S 17.67 36,713
5/21/2018 Cov o 17.22 36,713
5/22/2018 C/B S 17.40 36,258
5/22/2018 S/Sh S 17.19 36,258
5/23/2018 C/B S 18.39 36,181
5/23/2018 S/Sh S 18.36 36,181
5/24/2018 C/B S 19.27 36,115
5/24/2018 S/Sh S 19.24 36,115
5/25/2018 Buy S 20.23 38,689
5/25/2018 Sell o 21.68 38,689
5/29/2018 C/B S 21.68 38,602
5/29/2018 S/Sh S 21.64 38,602
5/30/2018 Sht S 20.49 41,412
5/30/2018 Cov o 18.99 41,412
5/31/2018 C/B S 18.99 41,291
5/31/2018 S/Sh S 18.94 41,291
6/1/2018 C/B S 19.35 41,033
6/1/2018 S/Sh S 19.24 41,033
6/4/2018 C/B S 19.52 40,145
6/4/2018 S/Sh S 19.11 40,145
6/5/2018 C/B S 21.23 40,071
6/5/2018 S/Sh S 21.20 40,071
6/6/2018 Sht S 20.78 40,647
6/6/2018 Cov o 20.47 40,647
6/7/2018 Sht S 20.44 42,597
6/7/2018 Cov o 19.45 42,597
6/8/2018 C/B S 19.45 42,520
6/8/2018 S/Sh S 19.42 42,520
6/11/2018 C/B S 19.93 42,446
6/11/2018 S/Sh S 19.90 42,446
6/12/2018 C/B S 19.07 42,222
6/12/2018 S/Sh S 18.98 42,222
6/13/2018 C/B S 18.82 41,802
6/13/2018 S/Sh S 18.64 41,802
6/14/2018 C/B S 18.77 40,433
6/14/2018 S/Sh S 18.17 40,433
6/15/2018 Buy S 19.61 43,017
6/15/2018 Sell o 20.87 43,017
6/18/2018 Sht S 20.85 43,948
6/18/2018 Cov o 20.39 43,948
6/19/2018 C/B S 20.39 43,886
6/19/2018 S/Sh S 20.37 43,886
6/20/2018 Sht S 19.14 45,234
6/20/2018 Cov o 18.54 45,234
6/21/2018 C/B S 18.54 45,161
6/21/2018 S/Sh S 18.52 45,161
6/22/2018 Sht S 17.98 45,088
6/22/2018 Cov o 18.00 45,088
6/25/2018 C/B S 18.11 44,732
6/25/2018 S/Sh S 17.97 44,732
6/26/2018 Sht S 19.06 47,695
6/26/2018 Cov o 17.79 47,695
6/27/2018 Sht S 17.76 48,923
6/27/2018 Cov o 17.30 48,923
6/28/2018 C/B S 17.39 48,573
6/28/2018 S/Sh S 17.27 48,573
6/29/2018 C/B S 17.38 48,388
6/29/2018 S/Sh S 17.32 48,388
7/2/2018 Buy S 17.50 48,374
7/2/2018 Sell o 17.50 48,374
7/3/2018 Sht S 17.48 48,357
7/3/2018 Cov o 17.48 48,357
7/5/2018 Sht S 17.46 48,919
7/5/2018 Cov o 17.25 48,919
7/6/2018 Sht S 17.23 51,155
7/6/2018 Cov o 16.44 51,155
7/9/2018 Sht S 16.43 54,465
7/9/2018 Cov o 15.36 54,465
7/10/2018 Sht S 15.34 52,391
7/10/2018 Cov o 15.92 52,391
7/11/2018 C/B S 15.92 52,278
7/11/2018 S/Sh S 15.89 52,278
7/12/2018 Buy S 16.71 51,753
7/12/2018 Sell o 16.55 51,753
7/13/2018 Sht S 16.52 49,936
7/13/2018 Cov o 17.10 49,936
7/16/2018 Buy S 17.10 51,178
7/16/2018 Sell o 17.53 51,178
7/17/2018 C/B S 17.53 51,096
7/17/2018 S/Sh S 17.51 51,096
7/18/2018 C/B S 17.71 51,008
7/18/2018 S/Sh S 17.68 51,008
7/19/2018 Sht S 17.05 52,387
7/19/2018 Cov o 16.59 52,387
7/20/2018 Buy S 16.59 52,481
7/20/2018 Sell o 16.62 52,481
7/23/2018 C/B S 16.98 51,284
7/23/2018 S/Sh S 16.61 51,284
7/24/2018 Sht S 17.17 51,464
7/24/2018 Cov o 17.10 51,464
7/25/2018 C/B S 17.10 51,415
7/25/2018 S/Sh S 17.09 51,415
7/26/2018 C/B S 16.55 51,197
7/26/2018 S/Sh S 16.48 51,197
7/27/2018 Buy S 16.57 54,790
7/27/2018 Sell o 17.74 54,790
7/30/2018 Sht S 17.73 55,984
7/30/2018 Cov o 17.34 55,984
7/31/2018 C/B S 17.38 55,810
7/31/2018 S/Sh S 17.33 55,810
8/1/2018 C/B S 17.71 55,754
8/1/2018 S/Sh S 17.70 55,754
8/2/2018 C/B S 17.95 55,685
8/2/2018 S/Sh S 17.93 55,685
8/3/2018 C/B S 17.95 55,615
8/3/2018 S/Sh S 17.93 55,615
8/6/2018 Sht S 17.73 57,397
8/6/2018 Cov o 17.16 57,397
8/7/2018 Buy S 17.78 58,906
8/7/2018 Sell o 18.25 58,906
8/8/2018 Buy S 18.25 60,538
8/8/2018 Sell o 18.76 60,538
8/9/2018 C/B S 18.76 60,481
8/9/2018 S/Sh S 18.75 60,481
8/10/2018 C/B S 18.75 60,417
8/10/2018 S/Sh S 18.73 60,417
8/13/2018 C/B S 18.44 60,349
8/13/2018 S/Sh S 18.42 60,349
8/15/2018 Buy S 19.78 61,159
8/15/2018 Sell o 20.05 61,159
8/17/2018 Sht S 20.63 62,057
8/17/2018 Cov o 20.32 62,057
8/20/2018 Sht S 20.28 64,564
8/20/2018 Cov o 19.46 64,564
8/21/2018 Sht S 19.43 66,634
8/21/2018 Cov o 18.80 66,634
8/22/2018 Sht S 18.77 67,831
8/22/2018 Cov o 18.43 67,831
8/23/2018 Buy S 18.43 65,903
8/23/2018 Sell o 17.91 65,903
8/24/2018 Sht S 17.88 65,469
8/24/2018 Cov o 17.99 65,469
8/27/2018 Sht S 17.95 65,799
8/27/2018 Cov o 17.86 65,799
8/28/2018 Buy S 18.20 66,523
8/28/2018 Sell o 18.40 66,523
8/29/2018 Sht S 18.37 67,608
8/29/2018 Cov o 18.07 67,608
8/30/2018 Buy S 18.25 68,904
8/30/2018 Sell o 18.60 68,904
8/31/2018 C/B S 18.60 68,859
8/31/2018 S/Sh S 18.59 68,859
9/4/2018 C/B S 18.66 68,612
9/4/2018 S/Sh S 18.60 68,612
9/5/2018 C/B S 19.83 68,553
9/5/2018 S/Sh S 19.82 68,553
9/6/2018 C/B S 20.05 68,455
9/6/2018 S/Sh S 20.03 68,455
9/7/2018 Buy S 21.02 68,057
9/7/2018 Sell o 20.90 68,057
9/10/2018 Sht S 20.86 66,477
9/10/2018 Cov o 21.34 66,477
9/11/2018 C/B S 21.49 65,872
9/11/2018 S/Sh S 21.30 65,872
9/12/2018 Sht S 19.87 66,701
9/12/2018 Cov o 19.62 66,701
9/13/2018 Buy S 19.62 66,449
9/13/2018 Sell o 19.55 66,449
9/14/2018 Sht S 19.53 65,914
9/14/2018 Cov o 19.68 65,914
9/17/2018 C/B S 19.84 65,291
9/17/2018 S/Sh S 19.65 65,291
9/18/2018 Sht S 19.23 65,664
9/18/2018 Cov o 19.12 65,664
9/19/2018 Sht S 19.10 69,151
9/19/2018 Cov o 18.08 69,151
9/20/2018 C/B S 18.53 67,357
9/20/2018 S/Sh S 18.06 67,357
9/21/2018 C/B S 18.72 67,268
9/21/2018 S/Sh S 18.70 67,268
9/24/2018 Sht S 17.85 67,164
9/24/2018 Cov o 17.87 67,164
9/25/2018 C/B S 18.00 66,547
9/25/2018 S/Sh S 17.84 66,547
9/26/2018 Buy S 18.60 66,951
9/26/2018 Sell o 18.72 66,951
9/27/2018 Sht S 18.70 66,249
9/27/2018 Cov o 18.89 66,249
9/28/2018 C/B S 18.89 66,187
9/28/2018 S/Sh S 18.88 66,187
10/1/2018 Sht S 17.90 67,457
10/1/2018 Cov o 17.55 67,457
10/2/2018 Buy S 17.84 67,571
10/2/2018 Sell o 17.87 67,571
10/3/2018 Sht S 17.86 70,957
10/3/2018 Cov o 16.96 70,957
10/4/2018 C/B S 16.96 70,865
10/4/2018 S/Sh S 16.94 70,865
10/5/2018 C/B S 17.47 70,659
10/5/2018 S/Sh S 17.43 70,659
10/8/2018 C/B S 17.98 70,568
10/8/2018 S/Sh S 17.96 70,568
10/9/2018 C/B S 17.44 70,496
10/9/2018 S/Sh S 17.43 70,496
10/10/2018 Buy S 16.56 79,633
10/10/2018 Sell o 18.71 79,633
10/11/2018 C/B S 18.71 79,567
10/11/2018 S/Sh S 18.70 79,567
10/12/2018 Buy S 19.60 76,293
10/12/2018 Sell o 18.80 76,293
10/15/2018 Sht S 18.77 77,368
10/15/2018 Cov o 18.50 77,368
10/16/2018 C/B S 18.50 77,219
10/16/2018 S/Sh S 18.47 77,219
10/17/2018 Buy S 18.32 82,496
10/17/2018 Sell o 19.57 82,496
10/18/2018 C/B S 19.57 82,353
10/18/2018 S/Sh S 19.54 82,353
10/19/2018 C/B S 19.99 81,603
10/19/2018 S/Sh S 19.82 81,603
10/22/2018 Buy S 19.99 90,046
10/22/2018 Sell o 22.06 90,046
10/23/2018 Buy S 22.06 93,126
10/23/2018 Sell o 22.82 93,126
10/24/2018 Buy S 23.10 104,821
10/24/2018 Sell o 26.00 104,821
10/25/2018 C/B S 26.64 101,964
10/25/2018 S/Sh S 25.92 101,964
10/26/2018 C/B S 26.92 101,593
10/26/2018 S/Sh S 26.83 101,593
10/29/2018 C/B S 27.52 98,859
10/29/2018 S/Sh S 26.80 98,859
10/30/2018 Sht S 30.15 110,544
10/30/2018 Cov o 26.58 110,544
10/31/2018 Sht S 26.48 113,476
10/31/2018 Cov o 25.77 113,476
11/1/2018 Sht S 25.70 115,974
11/1/2018 Cov o 25.13 115,974
11/2/2018 Buy S 25.57 113,064
11/2/2018 Sell o 24.93 113,064
11/5/2018 Sht S 24.89 116,579
11/5/2018 Cov o 24.11 116,579
11/6/2018 C/B S 24.40 114,928
11/6/2018 S/Sh S 24.06 114,928
11/7/2018 Sht S 22.78 112,649
11/7/2018 Cov o 23.23 112,649
11/8/2018 C/B S 23.23 112,316
11/8/2018 S/Sh S 23.16 112,316
11/9/2018 C/B S 25.00 112,100
11/9/2018 S/Sh S 24.96 112,100
11/12/2018 Buy S 24.79 118,219
11/12/2018 Sell o 26.15 118,219
11/13/2018 C/B S 27.13 113,660
11/13/2018 S/Sh S 26.11 113,660
11/14/2018 Buy S 28.10 119,258
11/14/2018 Sell o 29.49 119,258
11/15/2018 C/B S 29.49 119,007
11/15/2018 S/Sh S 29.43 119,007
11/16/2018 Buy S 28.46 123,133
11/16/2018 Sell o 29.45 123,133
11/19/2018 C/B S 29.45 122,856
11/19/2018 S/Sh S 29.39 122,856
11/20/2018 Buy S 29.39 134,295
11/20/2018 Sell o 32.13 134,295
11/21/2018 Sht S 32.07 131,777
11/21/2018 Cov o 32.67 131,777
11/23/2018 C/B S 32.67 131,561
11/23/2018 S/Sh S 32.62 131,561
11/26/2018 Sht S 31.82 130,287
11/26/2018 Cov o 32.13 130,287
11/27/2018 Buy S 32.22 135,464
11/27/2018 Sell o 33.50 135,464
11/28/2018 C/B S 33.72 134,324
11/28/2018 S/Sh S 33.44 134,324
11/29/2018 Sht S 31.40 126,936
11/29/2018 Cov o 33.12 126,936
11/30/2018 C/B S 33.12 126,788
11/30/2018 S/Sh S 33.09 126,788
12/3/2018 Sht S 30.74 132,489
12/3/2018 Cov o 29.35 132,489
12/4/2018 Buy S 29.56 149,039
12/4/2018 Sell o 33.26 149,039
12/6/2018 Buy S 33.26 150,504
12/6/2018 Sell o 33.59 150,504
12/7/2018 Sht S 33.52 141,495
12/7/2018 Cov o 35.52 141,495
12/10/2018 C/B S 35.52 141,192
12/10/2018 S/Sh S 35.45 141,192
12/11/2018 Sht S 35.88 141,450
12/11/2018 Cov o 35.81 141,450
12/12/2018 Sht S 35.71 137,875
12/12/2018 Cov o 36.61 137,875
12/13/2018 Buy S 37.35 140,146
12/13/2018 Sell o 37.97 140,146
12/14/2018 Buy S 37.97 156,814
12/14/2018 Sell o 42.49 156,814
12/17/2018 C/B S 42.49 156,531
12/17/2018 S/Sh S 42.42 156,531
12/18/2018 C/B S 46.69 156,134
12/18/2018 S/Sh S 46.58 156,134
12/19/2018 C/B S 49.51 154,516
12/19/2018 S/Sh S 49.01 154,516
12/20/2018 C/B S 53.12 153,975
12/20/2018 S/Sh S 52.94 153,975
12/21/2018 C/B S 57.12 152,164
12/21/2018 S/Sh S 56.46 152,164
12/24/2018 Buy S 61.86 168,826
12/24/2018 Sell o 68.64 168,826
12/26/2018 C/B S 69.79 165,185
12/26/2018 S/Sh S 68.30 165,185
12/27/2018 C/B S 54.40 164,235
12/27/2018 S/Sh S 54.09 164,235
12/28/2018 Buy S 51.87 166,236
12/28/2018 Sell o 52.51 166,236
12/31/2018 C/B S 54.29 159,894
12/31/2018 S/Sh S 52.26 159,894
1/2/2019 C/B S 57.04 159,251
1/2/2019 S/Sh S 56.82 159,251
1/3/2019 C/B S 48.74 153,621
1/3/2019 S/Sh S 47.05 153,621
1/4/2019 Sht S 45.59 175,226
1/4/2019 Cov o 39.17 175,226
1/7/2019 Sht S 38.99 197,628
1/7/2019 Cov o 34.00 197,628
1/9/2019 Sht S 33.58 198,513
1/9/2019 Cov o 33.43 198,513
1/10/2019 C/B S 33.83 194,528
1/10/2019 S/Sh S 33.16 194,528
1/11/2019 C/B S 33.63 190,769
1/11/2019 S/Sh S 32.99 190,769
1/14/2019 C/B S 34.32 189,706
1/14/2019 S/Sh S 34.13 189,706
1/15/2019 Sht S 32.52 198,745
1/15/2019 Cov o 30.97 198,745
1/16/2019 Sht S 30.91 192,461
1/16/2019 Cov o 31.89 192,461
1/17/2019 C/B S 31.89 192,182
1/17/2019 S/Sh S 31.85 192,182
1/18/2019 Sht S 30.65 193,043
1/18/2019 Cov o 30.51 193,043
1/22/2019 Buy S 30.51 200,242
1/22/2019 Sell o 31.65 200,242
1/23/2019 Buy S 32.80 208,185
1/23/2019 Sell o 34.10 208,185
1/24/2019 C/B S 34.45 205,791
1/24/2019 S/Sh S 34.06 205,791
1/25/2019 Sht S 32.25 203,246
1/25/2019 Cov o 32.65 203,246
1/28/2019 C/B S 32.65 202,941
1/28/2019 S/Sh S 32.60 202,941
1/29/2019 Sht S 32.33 211,296
1/29/2019 Cov o 31.00 211,296
1/30/2019 Sht S 30.95 220,251
1/30/2019 Cov o 29.64 220,251
1/31/2019 Buy S 29.73 235,579
1/31/2019 Sell o 31.80 235,579
2/1/2019 C/B S 32.14 232,728
2/1/2019 S/Sh S 31.76 232,728
2/4/2019 C/B S 32.53 232,417
2/4/2019 S/Sh S 32.49 232,417
2/5/2019 C/B S 31.48 232,209
2/5/2019 S/Sh S 31.45 232,209
2/6/2019 C/B S 33.01 232,010
2/6/2019 S/Sh S 32.98 232,010
2/7/2019 Buy S 34.16 266,277
2/7/2019 Sell o 39.21 266,277
2/8/2019 C/B S 39.21 265,807
2/8/2019 S/Sh S 39.14 265,807
2/11/2019 C/B S 41.16 265,063
2/11/2019 S/Sh S 41.05 265,063
2/12/2019 Sht S 35.88 266,575
2/12/2019 Cov o 35.67 266,575
2/13/2019 Sht S 35.56 277,718
2/13/2019 Cov o 34.07 277,718
2/14/2019 Sht S 33.97 287,665
2/14/2019 Cov o 32.75 287,665
2/15/2019 Sht S 32.66 296,096
2/15/2019 Cov o 31.70 296,096
2/19/2019 C/B S 31.70 295,117
2/19/2019 S/Sh S 31.60 295,117
2/20/2019 Sht S 30.90 303,693
2/20/2019 Cov o 30.00 303,693
2/21/2019 C/B S 30.12 301,411
2/21/2019 S/Sh S 29.89 301,411
2/22/2019 Sht S 30.92 295,634
2/22/2019 Cov o 31.51 295,634
2/25/2019 C/B S 31.53 294,898
2/25/2019 S/Sh S 31.46 294,898
2/26/2019 C/B S 31.00 291,328
2/26/2019 S/Sh S 30.63 291,328
2/27/2019 C/B S 32.42 283,727
2/27/2019 S/Sh S 31.58 283,727
2/28/2019 Buy S 32.52 279,598
2/28/2019 Sell o 32.05 279,598
3/1/2019 Sht S 32.02 296,968
3/1/2019 Cov o 30.03 296,968
3/4/2019 C/B S 31.07 286,610
3/4/2019 S/Sh S 30.01 286,610
3/5/2019 C/B S 30.22 285,591
3/5/2019 S/Sh S 30.12 285,591
3/6/2019 Buy S 31.59 294,707
3/6/2019 Sell o 32.60 294,707
3/7/2019 Buy S 33.09 318,310
3/7/2019 Sell o 35.74 318,310
3/8/2019 Buy S 35.74 328,271
3/8/2019 Sell o 36.86 328,271
3/11/2019 Sht S 36.79 346,383
3/11/2019 Cov o 34.76 346,383
3/12/2019 Sht S 34.68 373,931
3/12/2019 Cov o 31.92 373,931
3/13/2019 Sht S 31.84 381,459
3/13/2019 Cov o 31.20 381,459
3/14/2019 Sht S 31.13 372,700
3/14/2019 Cov o 31.84 372,700
3/15/2019 Buy S 31.84 371,047
3/15/2019 Sell o 31.70 371,047
3/18/2019 Sht S 31.63 401,878
3/18/2019 Cov o 29.00 401,878
3/19/2019 C/B S 29.90 388,474
3/19/2019 S/Sh S 28.92 388,474
3/20/2019 Sht S 30.28 417,439
3/20/2019 Cov o 28.02 417,439
3/21/2019 C/B S 28.02 416,579
3/21/2019 S/Sh S 27.96 416,579
3/22/2019 Buy S 27.90 461,805
3/22/2019 Sell o 30.93 461,805
3/25/2019 C/B S 30.93 460,989
3/25/2019 S/Sh S 30.88 460,989
3/26/2019 Sht S 29.23 475,131
3/26/2019 Cov o 28.33 475,131
3/27/2019 Buy S 28.86 485,033
3/27/2019 Sell o 29.46 485,033
3/28/2019 C/B S 29.46 484,434
3/28/2019 S/Sh S 29.42 484,434
3/29/2019 Sht S 27.74 484,862
3/29/2019 Cov o 27.71 484,862
4/1/2019 Sht S 27.67 492,305
4/1/2019 Cov o 27.25 492,305
4/2/2019 C/B S 27.52 486,583
4/2/2019 S/Sh S 27.21 486,583
4/3/2019 C/B S 28.19 479,750
4/3/2019 S/Sh S 27.80 479,750
4/4/2019 C/B S 30.48 473,840
4/4/2019 S/Sh S 30.11 473,840
4/5/2019 Sht S 28.89 508,667
4/5/2019 Cov o 26.77 508,667
4/8/2019 Sht S 26.73 511,602
4/8/2019 Cov o 26.58 511,602
4/9/2019 Buy S 26.60 526,965
4/9/2019 Sell o 27.40 526,965
4/10/2019 Sht S 27.36 509,768
4/10/2019 Cov o 28.25 509,768
4/11/2019 C/B S 28.25 509,007
4/11/2019 S/Sh S 28.21 509,007
4/12/2019 Sht S 25.73 507,793
4/12/2019 Cov o 25.79 507,793
4/15/2019 C/B S 25.79 506,829
4/15/2019 S/Sh S 25.74 506,829
4/16/2019 C/B S 26.30 500,094
4/16/2019 S/Sh S 25.95 500,094
4/17/2019 C/B S 25.94 495,518
4/17/2019 S/Sh S 25.71 495,518
4/18/2019 Buy S 26.65 495,406
4/18/2019 Sell o 26.64 495,406
4/22/2019 Sht S 26.61 519,726
4/22/2019 Cov o 25.30 519,726
4/23/2019 C/B S 25.40 516,983
4/23/2019 S/Sh S 25.27 516,983
4/24/2019 Buy S 25.22 535,751
4/24/2019 Sell o 26.14 535,751
4/25/2019 Buy S 26.32 570,330
4/25/2019 Sell o 28.02 570,330
4/26/2019 C/B S 28.02 569,847
4/26/2019 S/Sh S 28.00 569,847
4/29/2019 C/B S 28.60 566,403
4/29/2019 S/Sh S 28.43 566,403
4/30/2019 C/B S 28.78 552,708
4/30/2019 S/Sh S 28.10 552,708
5/1/2019 C/B S 30.29 548,382
5/1/2019 S/Sh S 30.06 548,382
5/2/2019 Buy S 33.42 574,293
5/2/2019 Sell o 35.00 574,293
5/3/2019 Sht S 34.90 582,366
5/3/2019 Cov o 34.41 582,366
5/6/2019 C/B S 34.41 580,694
5/6/2019 S/Sh S 34.31 580,694
5/7/2019 C/B S 33.77 579,123
5/7/2019 S/Sh S 33.68 579,123
5/8/2019 C/B S 33.57 573,994
5/8/2019 S/Sh S 33.28 573,994
5/9/2019 C/B S 33.08 572,854
5/9/2019 S/Sh S 33.02 572,854
5/10/2019 C/B S 32.69 572,192
5/10/2019 S/Sh S 32.65 572,192
5/13/2019 Buy S 32.12 596,761
5/13/2019 Sell o 33.50 596,761
5/14/2019 Sht S 33.48 601,943
5/14/2019 Cov o 33.19 601,943
5/15/2019 C/B S 33.19 601,561
5/15/2019 S/Sh S 33.17 601,561
5/16/2019 Sht S 30.21 584,795
5/16/2019 Cov o 31.05 584,795
5/17/2019 Buy S 31.05 619,623
5/17/2019 Sell o 32.90 619,623
5/20/2019 C/B S 33.01 616,929
5/20/2019 S/Sh S 32.87 616,929
5/21/2019 Sht S 33.09 636,634
5/21/2019 Cov o 32.03 636,634
5/22/2019 Buy S 32.03 733,814
5/22/2019 Sell o 36.92 733,814
5/23/2019 Buy S 36.92 794,222
5/23/2019 Sell o 39.96 794,222
5/24/2019 C/B S 40.52 781,452
5/24/2019 S/Sh S 39.87 781,452
5/28/2019 Buy S 40.66 838,127
5/28/2019 Sell o 43.61 838,127
5/29/2019 C/B S 43.61 835,659
5/29/2019 S/Sh S 43.48 835,659
5/30/2019 Buy S 42.17 944,933
5/30/2019 Sell o 47.69 944,933
5/31/2019 C/B S 47.69 942,035
5/31/2019 S/Sh S 47.54 942,035
6/3/2019 C/B S 47.23 918,983
6/3/2019 S/Sh S 46.09 918,983
6/4/2019 Sht S 44.20 955,548
6/4/2019 Cov o 42.44 955,548
6/5/2019 Buy S 42.54 1,052,825
6/5/2019 Sell o 46.87 1,052,825
6/6/2019 C/B S 47.27 1,042,387
6/6/2019 S/Sh S 46.80 1,042,387
6/7/2019 C/B S 46.25 1,037,370
6/7/2019 S/Sh S 46.03 1,037,370
6/10/2019 C/B S 46.79 1,014,519
6/10/2019 S/Sh S 45.77 1,014,519
6/11/2019 C/B S 48.31 985,835
6/11/2019 S/Sh S 46.96 985,835
6/12/2019 Buy S 50.21 973,844
6/12/2019 Sell o 49.60 973,844
6/13/2019 Sht S 49.52 989,707
6/13/2019 Cov o 48.71 989,707
6/14/2019 Buy S 49.36 1,077,030
6/14/2019 Sell o 53.72 1,077,030
6/17/2019 C/B S 53.72 1,075,488
6/17/2019 S/Sh S 53.64 1,075,488
6/18/2019 Sht S 48.89 1,112,154
6/18/2019 Cov o 47.22 1,112,154
6/19/2019 C/B S 47.70 1,099,093
6/19/2019 S/Sh S 47.14 1,099,093
6/20/2019 Sht S 45.39 1,121,407
6/20/2019 Cov o 44.47 1,121,407
6/21/2019 C/B S 45.29 1,098,579
6/21/2019 S/Sh S 44.38 1,098,579
6/24/2019 Buy S 45.70 1,140,962
6/24/2019 Sell o 47.46 1,140,962
6/25/2019 C/B S 47.46 1,138,544
6/25/2019 S/Sh S 47.36 1,138,544
6/26/2019 Sht S 45.99 1,197,738
6/26/2019 Cov o 43.60 1,197,738
6/27/2019 C/B S 43.69 1,193,861
6/27/2019 S/Sh S 43.55 1,193,861
6/28/2019 Sht S 42.38 1,294,863
6/28/2019 Cov o 38.79 1,294,863
7/1/2019 Buy S 41.87 1,290,364
7/1/2019 Sell o 41.72 1,290,364
7/2/2019 Buy S 41.94 1,409,554
7/2/2019 Sell o 45.81 1,409,554
7/3/2019 C/B S 46.28 1,393,250
7/3/2019 S/Sh S 45.75 1,393,250
7/5/2019 Sht S 45.56 1,452,516
7/5/2019 Cov o 43.62 1,452,516
7/8/2019 C/B S 43.80 1,444,674
7/8/2019 S/Sh S 43.56 1,444,674
7/9/2019 C/B S 45.78 1,442,917
7/9/2019 S/Sh S 45.72 1,442,917
7/10/2019 Sht S 44.77 1,526,126
7/10/2019 Cov o 42.19 1,526,126
7/11/2019 C/B S 42.78 1,502,635
7/11/2019 S/Sh S 42.13 1,502,635
7/12/2019 Sht S 44.99 1,527,663
7/12/2019 Cov o 44.24 1,527,663
7/15/2019 Buy S 44.72 1,641,274
7/15/2019 Sell o 48.05 1,641,274
7/16/2019 Buy S 48.26 1,750,839
7/16/2019 Sell o 51.48 1,750,839
7/17/2019 Buy S 51.75 1,898,622
7/17/2019 Sell o 56.12 1,898,622
7/18/2019 Buy S 56.49 1,954,560
7/18/2019 Sell o 58.15 1,954,560
7/19/2019 C/B S 58.15 1,948,499
7/19/2019 S/Sh S 57.97 1,948,499
7/22/2019 C/B S 56.57 1,911,688
7/22/2019 S/Sh S 55.51 1,911,688
7/23/2019 C/B S 55.78 1,885,707
7/23/2019 S/Sh S 55.03 1,885,707
7/24/2019 Sht S 54.05 1,887,447
7/24/2019 Cov o 53.99 1,887,447
7/25/2019 Buy S 54.55 2,127,934
7/25/2019 Sell o 61.50 2,127,934
7/26/2019 Buy S 61.50 2,240,025
7/26/2019 Sell o 64.74 2,240,025
7/29/2019 Buy S 65.45 2,357,410
7/29/2019 Sell o 68.88 2,357,410
7/30/2019 Sht S 68.71 2,840,707
7/30/2019 Cov o 54.62 2,840,707
7/31/2019 C/B S 56.74 2,723,251
7/31/2019 S/Sh S 54.44 2,723,251
8/1/2019 C/B S 57.31 2,714,473
8/1/2019 S/Sh S 57.13 2,714,473
8/2/2019 C/B S 65.14 2,647,720
8/2/2019 S/Sh S 63.56 2,647,720
8/5/2019 Buy S 69.99 2,761,195
8/5/2019 Sell o 72.99 2,761,195
8/6/2019 Buy S 74.57 3,052,633
8/6/2019 Sell o 82.44 3,052,633
8/7/2019 C/B S 82.44 3,043,065
8/7/2019 S/Sh S 82.18 3,043,065
8/8/2019 Sht S 75.75 3,203,390
8/8/2019 Cov o 71.76 3,203,390
8/9/2019 C/B S 75.15 3,040,541
8/9/2019 S/Sh S 71.43 3,040,541
8/12/2019 Buy S 76.88 3,192,712
8/12/2019 Sell o 80.73 3,192,712
8/13/2019 C/B S 80.73 3,185,274
8/13/2019 S/Sh S 80.54 3,185,274
8/14/2019 C/B S 82.95 3,181,493
8/14/2019 S/Sh S 82.85 3,181,493
8/15/2019 C/B S 91.68 3,176,520
8/15/2019 S/Sh S 91.54 3,176,520
8/16/2019 Sht S 88.89 3,618,109
8/16/2019 Cov o 76.53 3,618,109
8/19/2019 Sht S 76.31 3,781,206
8/19/2019 Cov o 72.87 3,781,206
8/20/2019 C/B S 72.89 3,768,023
8/20/2019 S/Sh S 72.64 3,768,023
8/21/2019 C/B S 74.80 3,566,448
8/21/2019 S/Sh S 70.91 3,566,448
8/22/2019 C/B S 76.02 3,436,178
8/22/2019 S/Sh S 73.30 3,436,178
8/23/2019 C/B S 83.00 3,425,601
8/23/2019 S/Sh S 82.75 3,425,601
8/26/2019 Sht S 86.68 3,479,674
8/26/2019 Cov o 85.31 3,479,674
8/27/2019 Buy S 89.09 3,466,019
8/27/2019 Sell o 88.74 3,466,019
8/28/2019 Sht S 88.51 3,906,095
8/28/2019 Cov o 77.27 3,906,095
8/29/2019 Sht S 77.05 4,215,363
8/29/2019 Cov o 70.95 4,215,363
8/30/2019 Buy S 72.77 4,741,196
8/30/2019 Sell o 81.85 4,741,196
9/3/2019 C/B S 81.85 4,729,332
9/3/2019 S/Sh S 81.65 4,729,332
9/4/2019 Sht S 76.91 5,088,470
9/4/2019 Cov o 71.07 5,088,470
9/5/2019 Sht S 70.87 5,196,743
9/5/2019 Cov o 69.36 5,196,743
9/6/2019 Buy S 69.36 5,014,663
9/6/2019 Sell o 66.93 5,014,663
9/9/2019 Sht S 66.74 5,826,923
9/9/2019 Cov o 55.93 5,826,923
9/10/2019 Sht S 55.72 5,714,724
9/10/2019 Cov o 56.79 5,714,724
9/11/2019 C/B S 58.85 5,480,121
9/11/2019 S/Sh S 56.49 5,480,121
9/12/2019 C/B S 60.00 5,448,723
9/12/2019 S/Sh S 59.66 5,448,723
9/13/2019 Sht S 56.79 6,713,446
9/13/2019 Cov o 43.61 6,713,446
9/16/2019 Sht S 43.40 7,449,263
9/16/2019 Cov o 38.64 7,449,263
9/17/2019 Buy S 39.16 8,563,705
9/17/2019 Sell o 45.02 8,563,705
9/18/2019 C/B S 45.02 8,509,359
9/18/2019 S/Sh S 44.74 8,509,359
9/19/2019 C/B S 46.51 7,994,603
9/19/2019 S/Sh S 43.79 7,994,603
9/20/2019 C/B S 49.03 7,670,414
9/20/2019 S/Sh S 47.08 7,670,414
9/23/2019 C/B S 48.93 7,631,544
9/23/2019 S/Sh S 48.68 7,631,544
9/24/2019 Buy S 49.12 8,588,579
9/24/2019 Sell o 55.28 8,588,579
9/25/2019 C/B S 55.28 8,569,086
9/25/2019 S/Sh S 55.15 8,569,086
9/26/2019 Buy S 55.59 9,358,309
9/26/2019 Sell o 60.71 9,358,309
9/27/2019 C/B S 60.71 9,334,375
9/27/2019 S/Sh S 60.56 9,334,375
9/30/2019 C/B S 60.85 9,308,097
9/30/2019 S/Sh S 60.68 9,308,097
10/1/2019 C/B S 61.16 9,177,926
10/1/2019 S/Sh S 60.31 9,177,926
10/2/2019 C/B S 69.88 9,155,819
10/2/2019 S/Sh S 69.71 9,155,819
10/3/2019 C/B S 74.99 9,132,498
10/3/2019 S/Sh S 74.80 9,132,498
10/4/2019 C/B S 69.61 8,864,689
10/4/2019 S/Sh S 67.60 8,864,689
10/7/2019 C/B S 70.14 8,837,197
10/7/2019 S/Sh S 69.92 8,837,197
10/8/2019 Buy S 75.13 9,218,289
10/8/2019 Sell o 78.37 9,218,289
10/9/2019 C/B S 81.46 8,838,392
10/9/2019 S/Sh S 78.17 8,838,392
10/10/2019 C/B S 82.33 8,724,250
10/10/2019 S/Sh S 81.27 8,724,250
10/11/2019 Sht S 77.73 8,622,246
10/11/2019 Cov o 78.64 8,622,246
10/14/2019 C/B S 78.64 8,607,044
10/14/2019 S/Sh S 78.50 8,607,044
10/15/2019 C/B S 79.46 8,591,326
10/15/2019 S/Sh S 79.32 8,591,326
10/16/2019 C/B S 77.99 8,491,428
10/16/2019 S/Sh S 77.09 8,491,428
10/17/2019 C/B S 80.12 8,438,902
10/17/2019 S/Sh S 79.62 8,438,902
10/18/2019 C/B S 79.66 8,357,244
10/18/2019 S/Sh S 78.89 8,357,244
10/21/2019 C/B S 88.78 8,349,615
10/21/2019 S/Sh S 88.70 8,349,615
10/22/2019 C/B S 84.95 8,222,185
10/22/2019 S/Sh S 83.67 8,222,185
10/23/2019 C/B S 81.14 8,157,109
10/23/2019 S/Sh S 80.51 8,157,109
10/24/2019 Buy S 75.75 8,322,253
10/24/2019 Sell o 77.28 8,322,253
10/25/2019 C/B S 77.28 8,309,745
10/25/2019 S/Sh S 77.16 8,309,745
10/28/2019 C/B S 70.97 8,022,095
10/28/2019 S/Sh S 68.55 8,022,095
10/29/2019 C/B S 75.04 7,835,907
10/29/2019 S/Sh S 73.32 7,835,907
10/30/2019 Buy S 68.13 8,604,777
10/30/2019 Sell o 74.82 8,604,777
10/31/2019 C/B S 75.72 8,483,936
10/31/2019 S/Sh S 74.66 8,483,936
11/1/2019 Sht S 74.59 9,625,972
11/1/2019 Cov o 64.55 9,625,972
11/4/2019 Sht S 64.45 11,206,432
11/4/2019 Cov o 53.87 11,206,432
11/5/2019 Sht S 53.69 10,826,532
11/5/2019 Cov o 55.51 10,826,532
11/6/2019 C/B S 56.48 10,584,722
11/6/2019 S/Sh S 55.24 10,584,722
11/7/2019 Sht S 55.00 9,814,654
11/7/2019 Cov o 59.00 9,814,654
11/8/2019 C/B S 59.00 9,762,369
11/8/2019 S/Sh S 58.69 9,762,369
11/11/2019 C/B S 58.90 9,712,055
11/11/2019 S/Sh S 58.60 9,712,055
11/12/2019 C/B S 61.06 9,430,725
11/12/2019 S/Sh S 59.31 9,430,725
11/13/2019 C/B S 63.00 9,417,559
11/13/2019 S/Sh S 62.91 9,417,559
11/14/2019 C/B S 64.71 9,183,252
11/14/2019 S/Sh S 63.12 9,183,252
11/15/2019 Sht S 65.75 9,485,082
11/15/2019 Cov o 63.59 9,485,082
11/18/2019 Buy S 63.59 10,724,586
11/18/2019 Sell o 71.90 10,724,586
11/19/2019 Buy S 71.90 11,370,434
11/19/2019 Sell o 76.23 11,370,434
11/20/2019 C/B S 77.53 11,152,007
11/20/2019 S/Sh S 76.05 11,152,007
11/21/2019 C/B S 75.91 10,809,632
11/21/2019 S/Sh S 73.62 10,809,632
11/22/2019 C/B S 72.59 10,614,835
11/22/2019 S/Sh S 71.29 10,614,835
11/25/2019 C/B S 72.41 10,590,641
11/25/2019 S/Sh S 72.25 10,590,641
11/26/2019 Buy S 67.71 11,496,914
11/26/2019 Sell o 73.50 11,496,914
11/27/2019 C/B S 74.05 11,395,772
11/27/2019 S/Sh S 73.40 11,395,772
11/29/2019 C/B S 73.57 11,384,635
11/29/2019 S/Sh S 73.50 11,384,635
12/2/2019 C/B S 76.21 10,974,799
12/2/2019 S/Sh S 73.52 10,974,799
12/3/2019 C/B S 80.00 10,965,070
12/3/2019 S/Sh S 79.93 10,965,070
12/4/2019 Sht S 78.02 12,050,581
12/4/2019 Cov o 70.30 12,050,581
12/5/2019 C/B S 72.10 11,726,912
12/5/2019 S/Sh S 70.19 11,726,912
12/6/2019 Sht S 73.41 12,829,137
12/6/2019 Cov o 66.51 12,829,137

Update 1/9/20

Trades since first publication. Note that some days there was 2 signals and 2 trades, but because we use daily OHLC prices the backtester can't tell if the buy or sell signal came first. In this case we average the profits from the buy-sell and short-cover transactions. These transactions show up as S/Sh and C/B below. Here we show the value at the next open.

 

Date Type Price Value NOpen
Initial 10,000
12/4/2019 Sht S 78.02 10,975
12/4/2019 Cov o 70.30 10,975
12/5/2019 C/B S 72.10 10,667
12/5/2019 S/Sh S 70.19 10,667
12/6/2019 Sht S 73.41 11,322
12/6/2019 Cov o 68.80 11,322
12/9/2019 C/B S 68.80 11,291
12/9/2019 S/Sh S 68.69 11,291
12/10/2019 Sht S 61.31 11,518
12/10/2019 Cov o 60.00 11,518
12/11/2019 C/B S 60.65 11,337
12/11/2019 S/Sh S 59.78 11,337
12/12/2019 Sht S 60.25 12,649
12/12/2019 Cov o 53.20 12,649
12/13/2019 C/B S 54.35 12,313
12/13/2019 S/Sh S 52.98 12,313
12/16/2019 Sht S 54.66 12,879
12/16/2019 Cov o 52.08 12,879
12/17/2019 Sht S 51.88 13,464
12/17/2019 Cov o 49.47 13,464
12/18/2019 C/B S 49.47 13,405
12/18/2019 S/Sh S 49.30 13,405
12/19/2019 Sht S 45.83 14,147
12/19/2019 Cov o 43.25 14,147
12/20/2019 Buy S 44.57 14,415
12/20/2019 Sell o 45.46 14,415
12/23/2019 Sht S 45.30 15,819
12/23/2019 Cov o 40.84 15,819
12/24/2019 C/B S 41.54 15,480
12/24/2019 S/Sh S 40.69 15,480
12/26/2019 Sht S 40.38 15,456
12/26/2019 Cov o 40.41 15,456
12/27/2019 Buy S 41.01 16,204
12/27/2019 Sell o 43.03 16,204
12/30/2019 C/B S 43.61 15,942
12/30/2019 S/Sh S 42.94 15,942
12/31/2019 C/B S 44.10 15,905
12/31/2019 S/Sh S 44.04 15,905
1/2/2020 C/B S 41.60 15,448
1/2/2020 S/Sh S 40.46 15,448
1/3/2020 Sht S 39.96 15,770
1/3/2020 Cov o 39.09 15,770
1/6/2020 Sht S 39.05 15,986
1/6/2020 Cov o 38.48 15,986
1/7/2020 C/B S 39.12 15,688
1/7/2020 S/Sh S 38.43 15,688
1/8/2020 C/B S 37.60 15,649
1/8/2020 S/Sh S 37.54 15,649
1/9/2020 C/B S 41.92 15,649
ROKU Algorithm

ROKU Signals Daily (MBCYI MBHOI)

Its not often that I run into algorithms with a Reward/Risk in excess of 28, but here's one. Its kind of obscure, but it shows what SignalSolver is capable of digging up. These Roku, Inc. (ROKU) signals traded as directed would have performed around 18.5 times better than buy-hold with an ROI of 13223% for the period 30-Oct-17 to 04-Dec-19. It has several earmarks of a "good" trading system, very high returns (quarterly returns range from 497% to 1708% annualized) a relatively low drawdown (less than half of ROKU buy-hold), 15 of 16 trades were good on the long side, low trading frequency and smooth parameter sensitivity (especially on the long trade side).

On the negative side, this algorithm is definitely out there. Reading through the strategy there's no obvious logic to it. For one thing it uses the EMA band, a price series derived by taking the exponential moving average of the last 10 median daily prices (H+L)/2 . All buy and sell percentages are relative to this series. Secondly, the parameter for high performance are restricted to quite a narrow range suggesting over-optimization. However, the values are sufficiently close to zero to may be OK. Thirdly, the signals look "confused". The short side did catch the major pullbacks but personally I wouldn't feel very comfortable playing the short side of this one. Regardless, I'll post it because its unusual and I'm curious to see how it does. My expectation is it will nosedive, but you never really know for sure. Check in from time to time--I'm not going to track this on a daily basis.

Incidentally, ROKU is a fertile territory for finding high performance algorithms, most of them "spinners" with high trading frequencies

ROKU Daily MBCYI MBHOI

ROKU Signals

About the ROKU Signals

The trading signals for Roku, Inc. (ROKU) were selected for their reward/risk, longevity and parameter sensitivity characteristics. Backtests don't always generate reliable signals which can be counted on moving forward but many traders find value in knowing what buy and sell signals would have worked well in the past.

Returns for the Roku, Inc. (ROKU) signals

For the 528 day (2.1 year) period from Oct 30 2017 to Dec 4 2019, these signals for Roku, Inc. (ROKU) traded both long and short would have yielded $1,322,301 in profits from a $10,000 initial investment, an annualized return of 933.7%. Traded long only (no short selling) the signals would have returned $395,437, an annualized return of 485.7%. 75.6% of time was spent holding stock long. The return would have been $71,448 (an annualized return of 172.2%) if you had bought and held the stock for the same period.

Signals and Trades

We call this a daily strategy as daily OHLC data is used in the numerical analysis leading to at most one buy signal and one sell signal per day. However, not all signals result in trades. If you are already long in a security, buy signals are not acted upon, similarly if you are short you should ignore sell signals. There were 131 buy signals and 72 sell signals for this particular ROKU strategy which in turn led to 16 round trip long trades of which 15 were profitable, and 15 short trades of which 10 were profitable.

Drawdown and Reward/Risk

Drawdown (the worst case loss for an single entry and exit into the strategy) was 28% for long-short and 26% for long only. This compares to 65% for buy-hold. The reward/risk for the trading long and short was 28.62 compared to 2.48 for buy-hold, a factor of 11.6 improvement. If traded long only, the reward/risk was 15.69. We use drawdown plus 5% as our risk metric, and annualized return as the reward metric.

The backtests assume a commission per trade of $0.

Parameter sensitivity

We look for signals which are not too sensitive to changes in the buy or sell point. Here you see the effect on returns when the buy point or sell point is changed for the Long side of the algorithm. On the short side, the algorithm led to a complete loss for sell points above 2.5%. The surface plot above can also be used for this analysis, here we just show the cross section of the surface at the buy and sell points.

ROKU Parameter Sensitivity

Trade List

Click to see trades

Split adjusted prices used throughout.
Key:
Buy C: Buy at close
RvS O: Reverse to Short at next day open (or sell if using Long style)
RvL C: Reverse to Long at current day close (or buy if using Long style)

Day of signal Buy or Sell Price L&S Value Next Open
10/31/2017 Buy C 20.38 10,029
11/27/2017 RvS O 49.40 24,239
11/28/2017 RvL C 46.43 24,634
1/3/2018 RvS O 51.56 28,536
1/11/2018 RvL C 43.87 33,263
2/16/2018 RvS O 50.45 37,710
2/23/2018 RvL C 41.52 44,706
3/26/2018 RvS O 33.55 35,865
4/5/2018 RvL C 31.76 36,946
5/9/2018 RvS O 38.30 45,558
5/10/2018 RvL C 35.46 46,591
8/24/2018 RvS O 64.00 88,323
8/30/2018 RvL C 60.68 92,430
9/4/2018 RvS O 63.06 96,549
9/7/2018 RvL C 65.23 95,042
9/26/2018 RvS O 73.75 105,403
11/30/2018 RvL C 40.75 162,376
12/3/2018 RvS O 41.59 155,712
12/26/2018 RvL C 30.35 198,837
1/31/2019 RvS O 45.02 293,400
2/1/2019 RvL C 45.21 292,355
2/4/2019 RvS O 48.50 313,423
2/5/2019 RvL C 48.16 314,768
5/3/2019 RvS O 63.05 413,202
5/7/2019 RvL C 64.41 401,716
5/21/2019 RvS O 87.79 551,041
6/6/2019 RvL C 100.25 475,238
6/7/2019 RvS O 102.38 482,878
6/13/2019 RvL C 104.97 467,793
8/29/2019 RvS O 150.98 676,961
10/1/2019 RvL C 102.40 881,764
12/5/2019 Last 152.47 1,332,301

Update 1/9/20

No signals since 10/1/19 for this algorithm.

 

Date Transaction Buy/Cover Sell/Short  Asset Value
4-Dec-2019 Initial Buy 149.915  $           10,000
9-Jan-2020 last 133.170  $             8,883