N/a
-SPY went as high as 320 because world is slowly reopening from COVID
-SPY extended and pulled back from 320 to retest the 300 psychological support
-Jun 15 2020: SPY bounced 10 points from 297 low
-SPY pattern: Runner
-TVIX Intraday pattern: Fade
-SPY Levels: 297, 300, 302, 305, 308
Strategy: FT-15 long of SPY 305 level (short TVIX)
Confluence: Whole $
Strike Zone: 305.3 - 305
Sizing (lots): 3
Risk (stop / Rs): SPY Holding below 304.5
Small wallet padder. TVIX went 6 points against me so I have to add couple small emergency lots, should have added full sized lots instead as SPY was still being support by the 304 - 305 intraday consolidation range. Lessons learned for next time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-15 15:31:58 | TVIX | sell | $170.520 | short |
2020-06-15 15:34:15 | TVIX | sell | $173.650 | short |
2020-06-15 15:34:56 | TVIX | sell | $173.640 | short |
2020-06-15 15:34:56 | TVIX | sell | $173.640 | short |
2020-06-15 15:37:55 | TVIX | buy | $171.720 | short |
2020-06-15 15:37:59 | TVIX | buy | $171.190 | short |
2020-06-15 15:38:11 | TVIX | buy | $169.710 | short |
2020-06-15 15:38:46 | TVIX | buy | $169.400 | short |
2020-06-15 15:40:14 | TVIX | buy | $170.990 | 0 |
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