Shared by
beno
Fundamentals
Market vol product
Catalysts / News / Painting the picture
-Fed announced 50 basis points cut last week
-Trump pitches 0% payroll tax
-Coronavirus fears continue, case count outside of china increasing faster
-WHO declares COVID-19 as global pandemic
Technical Analysis
-SPY made a new weekly low but quickly got bought back up
-SPY Fade all day
Original Plan / Strategy
First Test long of SPY's 278 level (short TVIX / Long SPY)
Review
The setup was good but I had to stop out because the WHO had just released news about COVID-19 becoming a global pandemic. Heard news then saw weakness slowly coming into SPY and I stopped out for a scratch.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-11 12:27:01 | TVIX | sell | $252.440 | short |
| 2020-03-11 12:28:28 | TVIX | buy | $252.680 | 0 |
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