|
Post by walnut on Dec 8, 2016 11:12:34 GMT -5
When the underlying VIX is down around 12, there is no room for the scams to drop any further, other than gradual contango. If contango drops due to the 2nd month falling, then VXX can drop a little further, then that is it. I think that this will also correspond to VXX filling those upside gaps every time.
|
|
|
Post by walnut on Dec 8, 2016 11:13:28 GMT -5
I missed it. Sincerely, how have you been? You went in for surgery, before that you were here all the time, then we never saw you. We almost assumed the worst.
|
|
|
Post by theMist on Dec 8, 2016 11:18:59 GMT -5
Its been a rough 2 years. I should've dropped by sooner. My apologies.
There were a few complications from my back surgery and took a lot of time to fully heal.
I'm doing better now thank God. How are you doing? Hope all is well.
|
|
|
Post by walnut on Dec 8, 2016 11:22:06 GMT -5
Well, I have heard that it is noble not to discuss one's ailments so you've got that going for you
|
|
|
Post by clinton on Dec 8, 2016 11:31:44 GMT -5
|
|
|
Post by clinton on Dec 8, 2016 11:33:18 GMT -5
Its been a rough 2 years. I should've dropped by sooner. My apologies. There were a few complications from my back surgery and took a lot of time to fully heal. I'm doing better now thank God. How are you doing? Hope all is well. I started doing yoga for my bad back just started it so far seems to make it hurt more LOL
|
|
|
Post by walnut on Dec 8, 2016 12:04:39 GMT -5
from here a 26.96 gap fill on VXX is not that big a deal. I would probably short some more at that point.
|
|
|
Post by walnut on Dec 8, 2016 12:19:18 GMT -5
Damn, ES up 3/10 % but VXX up almost 2%
|
|
|
Post by theMist on Dec 8, 2016 12:35:22 GMT -5
ViX scams trading like they're broken. TVIX up 4% while S&P is up 7 ?!?! lol
It's because of the open gap. The way its trading it will probably fill the gap today.
|
|
|
Post by walnut on Dec 8, 2016 12:45:39 GMT -5
I think your "gap fill" point has been demonstrated today. I hope that is all there is to it haha
|
|
|
Post by theMist on Dec 8, 2016 12:48:46 GMT -5
VXX and UVXY have now filled the upside gap. TVIX still has to fill.
Keep in mind, vix scams do have a tendency to overshoot the gap. It will be interesting to see how they react with upcoming fed meeting next week.
In the long run, we all know VIX Scams are going to near zero only to reverse split and rinse and repeat. lol
|
|
|
Post by theMist on Dec 8, 2016 12:56:21 GMT -5
VIX scams have now all filled the upside gap. Started averaging in short position.
|
|
|
Post by theMist on Dec 8, 2016 14:07:22 GMT -5
VIX scams pulled back after filling gap but still showing strength and channelling higher.
Talk to you guys later. Good to see everyone is doing well.
|
|
|
Post by theMist on Dec 8, 2016 14:45:08 GMT -5
VIX scams just brokedown. TVIX going to retest $10. lol
What are you guys trading lately?
|
|
|
Post by huh on Dec 8, 2016 15:04:16 GMT -5
VIX scams just brokedown. TVIX going to retest $10. lol What are you guys trading lately? Pokemon cards, mostly.
|
|
|
Post by walnut on Dec 8, 2016 15:07:24 GMT -5
My youngest son looked on what pokemon cards are selling for on Ebay, looks like hes got about $500 worth in a notebook. I told him he's got a little side business now, better get to selling while the gettings good
|
|
|
Post by walnut on Dec 8, 2016 15:08:02 GMT -5
Wish I'd sold more VXX 2 hours ago but didn't have the guts, too deep in already
|
|
|
Post by huh on Dec 8, 2016 15:25:45 GMT -5
Wish I'd sold more VXX 2 hours ago but didn't have the guts, too deep in already Took some real guts to do it at all. Tricky when they're moving with the market. Now let's see how fast MM's can take the premium right back out of them.
|
|
|
Post by theMist on Dec 8, 2016 15:25:48 GMT -5
TVIX
As the Dos Equis guy would say "stay short my friends" lol
|
|
|
Post by walnut on Dec 8, 2016 15:27:50 GMT -5
I have read it today that it is record level ES call buying driving this disconnect today. Volatility is no problem, but implied volatility skewed up in the December contract. I dunno but it is strange.
|
|