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 long of SPY 243 level (long spy / short UVXY)
Review
Scaled in appropriately and took two lots of profit at a good level, scratched the last lot.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-19 14:02:10 | UVXY | sell | $105.850 | short |
| 2020-03-19 14:02:34 | UVXY | sell | $106.200 | short |
| 2020-03-19 14:02:43 | UVXY | sell | $106.320 | short |
| 2020-03-19 14:03:22 | UVXY | buy | $105.030 | short |
| 2020-03-19 14:04:55 | UVXY | buy | $104.970 | short |
| 2020-03-19 14:06:22 | UVXY | buy | $105.720 | 0 |
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