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
-March 12 2020: Fed says they will do more repo operations (pump money into markets)
-March 13 2020: US declares COVID-19 an emergency
Technical Analysis
-New lows today on continued selling due to COVID-19
-SPY Intraday pattern: Bowl
-Levels: 228, 230, 237, 242
Original Plan / Strategy
First test short of SPY at 230 (long TVIX)
Review
OGT, made 14 points on TVIX!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-18 14:23:43 | TVIX | buy | $961.070 | long |
| 2020-03-18 14:24:26 | TVIX | sell | $974.990 | 0 |
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