TVIX Trade on Mar 16, 2020 14:42 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 long of SPY 246.50 level (long SPY short TVIX)

Review

OGT with small size made 3.5 points

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-16 14:42:40	TVIX	sell	$553.640	short
2020-03-16 14:43:02	TVIX	buy	$550.000	0

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#chart2 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13360626&end=20200316160000&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13360626&end=20200316160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13360626&end=20200415&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}