UVXY was very weak as the indices were rallying off their lows to vwap (on SPY) and resistance levels (5950 on nasdaq futures) thus I started short into UVXY with risk at 31.60; I then added on a second pop to double the position and lowered risk to 31.55 (31.50 would have been too close to a recent mini-squeeze). Once UVXY began breaking down I took half off at 31.14 and then the other fourths below 31. Should've been more patient on the last fourth but it did eventually squeeze back above 31 so ultimately solid trade in my opinion.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-09-06 12:25:21 | UVXY | sell | $31.420 | short |
2017-09-06 12:31:14 | UVXY | sell | $31.390 | short |
2017-09-06 12:59:59 | UVXY | buy | $31.140 | short |
2017-09-06 13:01:31 | UVXY | buy | $30.950 | short |
2017-09-06 13:08:36 | UVXY | buy | $30.790 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!