Shared by
beno
Fundamentals
Market vol product
Catalysts / News / Painting the picture
-Fed announced 50 basis points cut today
-Strong move to 310 on SPY then faded all day (TVIX strength all day)
-Coronavirus fears continue
Technical Analysis
-SPY inside day
-SPY strong morning but weak afternoon / close
-TVIX Levels: 120, 128, 135, 139/140, 143, 148
Original Plan / Strategy
First test long of SPY when SPY ran into the 304 resistance for the first time
Review
OGT but should have gotten bigger in this A+ setup and could have spaced out my exits some more.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-05 13:36:00 | TVIX | buy | $134.710 | long |
| 2020-03-05 13:36:20 | TVIX | buy | $134.470 | long |
| 2020-03-05 13:38:33 | TVIX | sell | $135.300 | long |
| 2020-03-05 13:38:44 | TVIX | sell | $135.500 | 0 |
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