Market vol product
-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
-Market consolidation in the 240's and 230's
-Closed weak today, more likely to gap down on Monday
-SPY intraday pattern: Fade
-SPY Levels: 228, 230, 235, 237, 240, 244
First test short of SPY 236.50 level
OGT but didn't get big enough...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-20 14:21:00 | UVXY | buy | $83.960 | long |
2020-03-20 14:21:05 | UVXY | buy | $83.820 | long |
2020-03-20 14:21:19 | UVXY | buy | $83.710 | long |
2020-03-20 14:22:24 | UVXY | sell | $84.480 | long |
2020-03-20 14:22:44 | UVXY | sell | $84.434 | 0 |
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