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Post by theMist on May 9, 2017 13:17:14 GMT -5
Soon vxx will reject 14s and be very much in the 10s. I know VXX will eventually be much lower BUT in your opinion do you think VXX will hit 10s before 15?
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Post by lasvegas77 on May 9, 2017 13:24:03 GMT -5
It settled pretty fast and it said get short or you are getting left That it did.
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Post by lasvegas77 on May 9, 2017 13:25:23 GMT -5
Soon vxx will reject 14s and be very much in the 10s. I know VXX will eventually be much lower BUT in your opinion do you think VXX will hit 10s before 15? Whenever making a prediction on where vxx is going, usually it's a good call to go with the lower number in such dramatic contango cases.
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Post by theMist on May 9, 2017 13:28:48 GMT -5
I know VXX will eventually be much lower BUT in your opinion do you think VXX will hit 10s before 15? Whenever making a prediction on where vxx is going, usually it's a good call to go with the lower number in such dramatic contango cases. Your officially on record now haha
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Post by lasvegas77 on May 9, 2017 13:30:30 GMT -5
I have my money on it big time. I better be right.
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Post by theMist on May 9, 2017 13:48:35 GMT -5
Wow - CNBC talking again about low vix
Talking Head even brought up all the Volatility Sellers in the market Mentioned XIV, SVXY
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Post by lasvegas77 on May 9, 2017 13:54:41 GMT -5
I love the fact that most people would turn away and run if you were to tell the average person about selling volatility when you bring up the stock market.
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Post by theMist on May 9, 2017 13:59:28 GMT -5
I love the fact that most people would turn away and run if you were to tell the average person about selling volatility when you bring up the stock market. I tried explaining selling volatility to a few people. Only a few. After all there are a limited amount of shares to short. It was above their understanding and they couldn't grasp it.
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Post by lasvegas77 on May 9, 2017 14:03:19 GMT -5
I love the fact that most people would turn away and run if you were to tell the average person about selling volatility when you bring up the stock market. I tried explaining selling volatility to a few people. Only a few. After all there are a limited amount of shares to short. It was above their understanding and they couldn't grasp it. That's the reaction I got as well. I even showed a long term chart on my phone illustrating how it goes down to nothing over time. It did interest them but i know they didn't grasp how to follow through. More shares for me.
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Post by theMist on May 9, 2017 14:08:20 GMT -5
talk to you guys later
gotta run
GL ALL
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Post by lasvegas77 on May 9, 2017 14:12:42 GMT -5
laterz Mist! See you tomorrow back at 13.85 Dejavu
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Post by walnut on May 9, 2017 14:14:45 GMT -5
hope you are right!
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Post by ipath on May 9, 2017 14:42:53 GMT -5
I went long volatility today, just in case Sandy is right I bought $15 call options on VXX
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Post by lasvegas77 on May 9, 2017 15:01:46 GMT -5
When do they expire?
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Post by theMist on May 9, 2017 18:17:27 GMT -5
I have to say -- not bad VXX HOD 14.18 and I was so tempted to go long VXX at 14
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Post by theMist on May 9, 2017 20:00:16 GMT -5
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