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
-Today: Fed says they will do more repo operations (pump money into markets)
Technical Analysis
-SPY intraday pattern: Parabolic Fade
Original Plan / Strategy
First test short of TVIX (long of SPY) when SPY came down to the 262 level after its huge run up
Review
OGT, couldn't have executed the trade better
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-12 13:07:50 | TVIX | sell | $342.690 | short |
| 2020-03-12 13:08:00 | TVIX | sell | $344.270 | short |
| 2020-03-12 13:08:32 | TVIX | buy | $338.000 | short |
| 2020-03-12 13:08:57 | TVIX | buy | $340.300 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!