TVIX Trade on Mar 17, 2020 12:22 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 250 level (short TVIX / long SPY)

Review

SPY had a very hard time bouncing from 250 so I had to add another 3 shares at a higher TVIX price in order to have a small profit on the trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-17 12:22:50	TVIX	sell	$550.880	short
2020-03-17 12:27:36	TVIX	sell	$560.240	short
2020-03-17 12:33:28	TVIX	buy	$551.140	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372028&end=20200317125928&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372028&end=20200317140028&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372028&end=20200317160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372028&end=20200416&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}