VXX Trade on Sep 20, 2021 15:20 from Marius: Tradervue User Stock Trades.

Markets opened with a gap down on news of Chinese real estate property debt solvency company Evergrande concerns. In addition there was a FED rate policy meeting + press conference in the middle of the week. There was also concerns of the US debt ceiling being raised. Infrastructure bills have been a continued market focus. Volatility spiked but ended the week with buyers back in the market as concerns were fully priced in and direction re-established. Corporate events were light to start the week but picked up with the market.

Fundamentals In Play Analysis

Volatility has spiked in the markets notably with overseas property debt solvency concerns and US federal monetary policies to be updated. Overall markets have been strong with economy and capital markets in constant re adjustment's and not failing into critical credit issues.

Quantitative Analysis

Intraday Fundamentals

RVOL 3.64
AVOL 27.36M
ATR 1.61
Beta -
VIX 25.71
Volatility 7.50% 4.86%
Short Float -
Shs Float -
Inst Own -
Market Cap -

Options Statistics + Tape Reading + Order Flow + Dark Pool Levels + Flow Sentiment

SI 2.811
IV 126.09%
IVP 77%
P/C 0.846
VWAP 30.411

Options Positioning

OI 8543 5456
VOL 4428 768
Delta -.04 .00
Theta -.04 .00
Vega .00 .00
Gamma .02 .00
Prob T 10.41% 1.12%
Prob ITM 5.35% 0.57%
MMM +/- 5.286
IV Series 180.91%

Technical Analysis

Trade Setup/Execution Grade + Risk (risk:premium) + Positioning + Size/Allocation Management & Review

(B/C) setup / (A) execution. 1/2RP, conservative positioning, 4% allocation. This was an early/mid stage working playbook. I had playbooks in the recent past for market plays but the market dynamics have changed with a stronger bid in the markets. I executed this trade as a volatility/uncertainty play with the events for the week. If more uncertainty or negative reactions would have added then the trade would have executed as planned. In the future I'm going to consider the short side of the trade but very cautious as market can move to extreme's. This was a better alternative play then my prior market playbooks. I also scanned for individual stocks but the market was having more emphasis on the moves however seeing strength in individual names was noticed. This trade provided good information for the rest of the week and trade setups.

I had also scaled out of this trade to limit my losses to notably less than planned. I noticed the market changing to favor a bid in the markets during the FED meeting. I noticed parts of the markets reversing momentum to the upside. This was a key point in my trade decision to get flat the trade as this was an early indication that the trade was less likely to work. This also enabled me to focus more on where the current momentum was turning and pressing into those areas.