TVIX Trade on Mar 13, 2020 14:10 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

Market vol product

Catalysts / News / Painting the picture

-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

Technical Analysis

-SPY intraday pattern: Afternoon Runner
-SPY levels: 250, 255, 260, 271 (low of Wednesday)

Original Plan / Strategy

First test long of TVIX / short of 257 SPY level

Review

OGT. SPY level was an A+ level to long TVIX against, took it with full size / two 10 share lots. Made on average 4 points.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-13 14:10:30	TVIX	buy	$368.800	long
2020-03-13 14:10:44	TVIX	buy	$368.340	long
2020-03-13 14:12:43	TVIX	sell	$373.990	long
2020-03-13 14:12:49	TVIX	sell	$371.430	0

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#chart2 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13325158&end=20200313154249&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13325158&end=20200313160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13325158&end=20200412&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}