Shared by
johnjohn2221
This was an interesting and spontaneous trade. Spy started to dump hard when trump started to speak about china. What he was saying had nothing to do with him de-listing Chinese stocks which was the initial worry. Basically it was bad panic selling, when I quickly realized that I bought spy calls at the dip and sold for around 30% profit at the top as momentum started to slow down.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-29 13:32:12 | MAY29 20 298 PUT | buy | $0.2600 | long |
| 2020-05-29 14:09:30 | MAY29 20 298 PUT | sell | $0.1300 | long |
| 2020-05-29 14:09:30 | MAY29 20 298 PUT | sell | $0.1300 | 0 |
| 2020-05-29 14:54:40 | JUN19 20 310 CALL | buy | $2.570 | long |
| 2020-05-29 15:03:21 | JUN19 20 310 CALL | sell | $3.390 | 0 |
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