TVIX Trade on Mar 17, 2020 14:23 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 in the afternoon (SPY long / short TVIX)

Review

Piked the cover on this one as I was afraid it would be weak like my 12:20 TVIX trade where it had a hard time bouncing from 250.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-17 14:23:14	TVIX	sell	$567.770	short
2020-03-17 14:24:45	TVIX	buy	$563.620	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372031&end=20200317145445&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372031&end=20200317155445&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372031&end=20200317160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13372031&end=20200416&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}