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 short of of TVIX when SPY tried to bounce long from 303 for the first time
Review
Got big too early in the trade and Couldn't add anymore, was close to stopping out. Took it as soon as I was green on the trade because my average was bad.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-05 13:42:03 | TVIX | sell | $136.400 | short |
| 2020-03-05 13:42:50 | TVIX | sell | $136.830 | short |
| 2020-03-05 13:43:12 | TVIX | sell | $137.090 | short |
| 2020-03-05 13:46:47 | TVIX | buy | $136.610 | short |
| 2020-03-05 13:47:43 | TVIX | buy | $136.470 | short |
| 2020-03-05 13:48:12 | TVIX | buy | $136.340 | 0 |
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