TVIX Trade on Mar 17, 2020 07:03 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: Bull flag
-SPY Levels: 237, 245, 250, 255

Original Plan / Strategy

First test long of SPY 247 level in PM (short TVIX / long SPY)

Review

OGT, probably my best TVIX trade...

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-17 07:03:26	TVIX	sell	$532.000	short
2020-03-17 07:06:10	TVIX	buy	$521.780	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372025&end=20200317082410&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372025&end=20200317092410&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372025&end=20200317160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372025&end=20200416&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}