TVIX Trade on Mar 16, 2020 13:04 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: Mountain
-SPY Closed weak again

Original Plan / Strategy

First test short of SPY 250 level (long TVIX when SPY tested 250 from below)

Review

OGT with small size, made 4 points

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-16 13:04:41	TVIX	buy	$499.300	long
2020-03-16 13:05:37	TVIX	sell	$503.000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13360625&end=20200316133537&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13360625&end=20200316143537&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13360625&end=20200316160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13360625&end=20200415&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}