Volatility has picked up this last week with trade tensions high and the recent rate cut. I took a few scalp trades in VXX based on how SPY was trading. VXX goes higher when SPY sinks lower in this current market. I tried another scalp in the afternoon after it topped out at 28.5 but it looks like the market (SPY) caught some bids near 285 and has been trading horizontally for longer than usual. For third scalp attempt I got in at 28.12 and stopped out at 28.01. Volatility picked up at the end of the day and I missed a nice up leg.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-08-05 10:17:25 | VXX | buy | $27.570 | long |
2019-08-05 10:21:04 | VXX | sell | $27.860 | 0 |
2019-08-05 11:06:06 | VXX | buy | $27.610 | long |
2019-08-05 11:07:24 | VXX | sell | $27.550 | 0 |
2019-08-05 13:26:33 | VXX | buy | $28.120 | long |
2019-08-05 13:36:21 | VXX | sell | $28.010 | 0 |
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