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 254 level)
Review
Blasted through 255 level so I took trade with half size out of fear. Also, the TVIX premium was still trying to favor a bearish outcome in SPY.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-12 13:39:20 | TVIX | sell | $381.580 | short |
| 2020-03-12 13:39:47 | TVIX | buy | $378.090 | 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!