I had been watching SPY along with this trade. I was looking to short against 46 since it had looked like it was the ceiling for the day and I was biased that it looked as if ready to become a range-day type of day in SPY. I was looking to cover some into a possible flush below vwap but it never did.
I set a stop immediately below 46 since it was a risk I was ready to take and I was heading into the meeting. I did not want to set above 46 and if it had gone quickly my fills could have been slippery.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-12 10:34:32 | UPRO | sell | $45.920 | short |
2016-02-12 10:36:43 | UPRO | buy | $45.800 | 0 |
2016-02-12 10:36:58 | UPRO | sell | $45.750 | short |
2016-02-12 10:37:23 | UPRO | sell | $45.720 | short |
2016-02-12 10:37:40 | UPRO | sell | $45.680 | short |
2016-02-12 11:00:14 | UPRO | buy | $45.810 | 0 |
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