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
-March 23 2020: The Fed just pledged asset purchases with no limit to support markets (unlimited QE)
-SPY Intraday pattern: Runner, Big Pullback
-SPY Levels: 252, 254, 257, 261
First test long of SPY 256 level (LONG SPY / SHORT TVIX)
OGT, scaled in two lots and waited patiently for the SPY bounce, scaled out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-27 13:43:42 | TVIX | sell | $365.000 | short |
2020-03-27 13:44:06 | TVIX | sell | $366.260 | short |
2020-03-27 13:49:07 | TVIX | buy | $362.540 | short |
2020-03-27 13:49:31 | TVIX | buy | $360.920 | 0 |
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