UVXY Trade on Mar 20, 2020 14:21 from beno: Tradervue User Stock Trades.

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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
-Market consolidation in the 240's and 230's
-Closed weak today, more likely to gap down on Monday

Technical Analysis

-SPY intraday pattern: Fade
-SPY Levels: 228, 230, 235, 237, 240, 244

Original Plan / Strategy

First test short of SPY 236.50 level

Review

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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