TVIX Trade on Mar 24, 2020 13:02 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
-March 23 2020: The Fed just pledged asset purchases with no limit to support markets (unlimited QE)

Technical Analysis

-SPY Intraday pattern: Runner, Big Pullback
-SPY Levels: 232, 235, 237, 239-240, 243

Original Plan / Strategy

First test short of SPY 240.50 level (stop above 241)

Review

OGT, quick TVIX scalp to take advantage of radical SPY move.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-24 13:02:39	TVIX	buy	$317.960	long
2020-03-24 13:03:58	TVIX	sell	$320.210	0

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#chart2 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13491950&end=20200324143358&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13491950&end=20200324160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13491950&end=20200423&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}