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
-SPY intraday pattern: Runner
-SPY Levels: 232, 238-239, 244, 246
Original Plan / Strategy
First test short of 244 SPY (long UVXY / short SPY)
Review
Didn't get as big as I wanted, could have added to get better prices.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-19 12:54:49 | UVXY | buy | $109.000 | long |
| 2020-03-19 12:55:38 | UVXY | buy | $108.970 | long |
| 2020-03-19 12:57:10 | UVXY | sell | $110.060 | long |
| 2020-03-19 12:58:01 | UVXY | sell | $110.030 | 0 |
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