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Post by Herceg on Mar 15, 2017 10:34:54 GMT -5
UVXY continues downward as I watch...............to top it off shorted MSCI at 107.21 and got out at 106.21.........only 100 shares, gets halted and now at 97 and change..................talk about depressing.................  |
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Post by walnut on Mar 15, 2017 10:39:05 GMT -5
haha Herc sorry
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Post by Herceg on Mar 15, 2017 10:46:26 GMT -5
On the flip side I keep telling myself after halt it could have opened at 117 and I could have been holding, so I will take my $91 after commissions and shut-up........LOL |
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Post by walnut on Mar 15, 2017 10:46:29 GMT -5
I thought you had a long term short on UVXY?
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beba
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Post by beba on Mar 15, 2017 10:48:23 GMT -5
Sounds like you are right there where most of us are at on the VIX learning curve! How has the options hedging been working out over time? They tend to always be way overpriced based on a normal distribution assumption, but we know that TVIX is definitely not normally distributed, so I assume that hedging with options still works pretty well? It worked out good. I bought 20 VIX call options expiring 03/21/17, about 6 months ago at about $2.75. Now they are worth .06 First, I was able to sleep peacefully and they let me enter more bold shorts. Second, multiple times in the first couple months they went over $3, so I could've made money on them.
Shorting the opposite (XIV) was also helpful. For example, If you short two opposite ETF's at lets say $100 each. Lets say one goes up 100%, so it goes to $200 and the other to $50. When the first one goes down 50% to $100 again, the 2nd one will go to $75
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Post by birthmark on Mar 15, 2017 10:50:05 GMT -5
Welcome aboard Beba.
Make yourself at home here. It's a good group.
GL
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Post by walnut on Mar 15, 2017 10:52:22 GMT -5
How has the options hedging been working out over time? They tend to always be way overpriced based on a normal distribution assumption, but we know that TVIX is definitely not normally distributed, so I assume that hedging with options still works pretty well? It worked out good. I bought 20 VIX call options expiring 03/21/17, about 6 months ago at about $2.75. Now they are worth .06 First, I was able to sleep peacefully and they let me enter more bold shorts. Second, multiple times in the first couple months they went over $3, so I could've made money on them.
Shorting the opposite (XIV) was also helpful. For example, If you short two opposite ETF's at lets say $100 each. Lets say one goes up 100%, so it goes to $200 and the other to $50. When the first one goes down 50% to $100 again, the 2nd one will go to $75
Excellent! I love that about VXX - XIV percentage change |
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Post by Herceg on Mar 15, 2017 10:55:45 GMT -5
I thought you had a long term short on UVXY? I do, but I started scalping like you and Mist, but nowhere near your shares..............in and out usually with 1k shares, after reverse splits I'm only at 40 shares LT................so I wanted to add more but could never get the conviction to do another 1k and hold..................too suspect of the mkt. or too scared I guess you could say.............. |
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Post by theMist on Mar 15, 2017 11:00:28 GMT -5
VXX headed to lower 16.20 range real fast
It's in a mini death spiral
VXX daily lower BB currently at 16.49 and VXX is currently outside its lower BB
VXX 16.46
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Post by birthmark on Mar 15, 2017 11:01:37 GMT -5
Herc--
IMO Fear is a good thing when it comes to this market...
Beware of the trapdoor opening!!
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Post by walnut on Mar 15, 2017 11:01:57 GMT -5
That is why a long term long on XIV is safer when the SHTF than a long term VXX short. VXX doubled in 2015, XIV lost 1/2 it's value.
Either way is no good ha ha
They tend to move in close to parity until it gets real bad, by then I hope to be long gone from the trade
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beba
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Post by beba on Mar 15, 2017 11:03:23 GMT -5
I thought you had a long term short on UVXY? I do, but I started scalping like you and Mist, but nowhere near your shares..............in and out usually with 1k shares, after reverse splits I'm only at 40 shares LT................so I wanted to add more but could never get the conviction to do another 1k and hold..................too suspect of the mkt. or too scared I guess you could say.............. Btw. Credit Suisse has announced that TVIX's will reverse split tomorrow 1:10 I believe they said |
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Post by theMist on Mar 15, 2017 11:07:31 GMT -5
I'm short now 14k VXX - looking to get out before FOMC announcement
Looking for 16.20 range to get hit
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Post by Herceg on Mar 15, 2017 11:10:11 GMT -5
Off to shovel snow from last night for work later, hope to be back before FOMC.............BOL to all !!
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Post by theMist on Mar 15, 2017 11:11:26 GMT -5
S&P starting to get above resistance which is bullish (circle area) But FOMC can change that real fast and have to be watchful I'm hoping to take profit on 14k VXX short before announcement and looking for VXX 16.20 range before then  free photo hosting |
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Post by theMist on Mar 15, 2017 11:14:04 GMT -5
I do, but I started scalping like you and Mist, but nowhere near your shares..............in and out usually with 1k shares, after reverse splits I'm only at 40 shares LT................so I wanted to add more but could never get the conviction to do another 1k and hold..................too suspect of the mkt. or too scared I guess you could say.............. Btw. Credit Suisse has announced that TVIX's will reverse split tomorrow 1:10 I believe they said yes - I saw that. Can't wait. I switched back to Scottrade from IB and Scottrade doesn't allow shorting any security under $5. IB's commissions are very expensive when you short a lot of shares. Was getting charged almost $300 a day in commissions. BTW - I posted over on TVIX, UVXY Yahoo msg boards as gtr. What was your name on YMB? |
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beba
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Post by beba on Mar 15, 2017 11:22:19 GMT -5
Btw. Credit Suisse has announced that TVIX's will reverse split tomorrow 1:10 I believe they said yes - I saw that. Can't wait. I switched back to Scottrade from IB and Scottrade doesn't allow shorting any security under $5. IB's commissions are very expensive when you short a lot of shares. Was getting charged almost $300 a day in commissions. BTW - I posted over on TVIX, UVXY Yahoo msg boards as gtr. What was your name on YMB? This may have been 3-4 weeks ago. I just signed in with my email, don't think I have a username with yahoo. I know I am with IB, they charge half a penny for each share over 500 shares, so I am happy about this reverse split |
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Post by walnut on Mar 15, 2017 11:25:31 GMT -5
I bought back my 4000 VXX I still had short
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Post by theMist on Mar 15, 2017 11:26:23 GMT -5
yes - I saw that. Can't wait. I switched back to Scottrade from IB and Scottrade doesn't allow shorting any security under $5. IB's commissions are very expensive when you short a lot of shares. Was getting charged almost $300 a day in commissions. BTW - I posted over on TVIX, UVXY Yahoo msg boards as gtr. What was your name on YMB? This may have been 3-4 weeks ago. I just signed in with my email, don't think I have a username with yahoo. I know I am with IB, they charge half a penny for each share over 500 shares, so I am happy about this reverse split Glad your here. Really nice to see you. Some over at YMB can be a little difficult. Some thought I was pumping FAZination Proboards for personal gain. And I kept explaining to them that YMB is so limited and can't post charts at YMB and this forum is absolutely free and has a lot of experienced, knowledgeable traders. Walnut (Chris) - is a master options trader and has over 30 years broker experience. I'm a home gamer that loves trading (mostly shorting) these VIX ETPs (VXX, TVIX, UVXY). I call them the VIX SCAMs. And I love Technical Analysis and have a real serious and nice setup. I'm Rob BTW (aka theMist) |
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Post by theMist on Mar 15, 2017 11:26:53 GMT -5
I bought back my 4000 VXX I still had short Awesome trade. I forgot you held 4k short VXX overnight  |
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