TVIX Trade on Apr 9, 2020 15:10 from beno: Tradervue User Stock Trades.

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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)
-April 09 2020: OPEC most likely enforce 10m barrel per day cut of production to stabilize prices

Technical Analysis

-SPY Intraday pattern: Consolidation
-SPY Levels: 275, 277, 279, 280-281

Original Plan / Strategy

First test short of SPY prior swing low level of 277.50 (short SPY / long TVIX)

Review

SPY having a hard time rejecting from 277.50 area, probably due to recent bounce from prior days high...

Lessons Learned: Be careful shorting after a bounce from prior days high!


Execution detail:

Date/time Symbol Side Price Position
2020-04-09 15:10:23 TVIX buy $253.920 long
2020-04-09 15:10:52 TVIX buy $253.300 long
2020-04-09 15:12:35 TVIX sell $254.500 long
2020-04-09 15:13:10 TVIX sell $253.220 0


Comments

Gravatar SergioA
2020-04-12 14:01:24
 

Good trade. Lets see how it behaves tomorrow.

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