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Post by ipath on Jun 30, 2017 9:23:18 GMT -5
I kept the shorts over night.. not liking the current action but still hoping for a VXX collapse..
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Post by ipath on Jun 30, 2017 9:25:55 GMT -5
let me try
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Post by ipath on Jun 30, 2017 9:26:36 GMT -5
Herc, CARA you tried to short the other day is down 30%. hope you got to short some
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Post by theMist on Jun 30, 2017 9:45:26 GMT -5
Thinking that should be it for morning fireworks
I'll feel a lot better with VXX back under 10dsma (currently 12.65)
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Post by theMist on Jun 30, 2017 9:50:56 GMT -5
I think its becoming obvious markets are worried about North Korea problem
VIX spiked a little when Trump came on with S. Korea president
I'm not liking the action myself
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Post by theMist on Jun 30, 2017 9:55:57 GMT -5
let me try
that's the Spirit!!
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Post by theMist on Jun 30, 2017 10:00:49 GMT -5
Need VXX to drop back below 10dsma on VXX daily chart (currently 12.65) S&P Hourly indicators are curling up which is good
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Post by Herceg on Jun 30, 2017 10:02:01 GMT -5
Herc, CARA you tried to short the other day is down 30%. hope you got to short some Unfortunately I never did................even if I had.........I would have been out the same day............
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Post by ipath on Jun 30, 2017 10:13:55 GMT -5
something interesting that I have observed.. VXX $12 put option expiring next Friday was 8c when VXX was at $12.55 earlier this morning. Now that VXX is 20c more that put option should worth half as much, because its farther away from the strike price, but its not.. its 10c
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Post by walnut on Jun 30, 2017 10:25:13 GMT -5
something interesting that I have observed.. VXX $12 put option expiring next Friday was 8c when VXX was at $12.55 earlier this morning. Now that VXX is 20c more that put option should worth half as much, because its farther away from the strike price, but its not.. its 10c It's probably responding to vega, the puts and calls have to go up together as implied volatility increases, to maintain the put-call parity.
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Post by theMist on Jun 30, 2017 10:25:19 GMT -5
BTW - thanks iPath for helping me stick with the trade yesterday
Even though I still have little more to recoup I feel like a winner for riding out that spike yesterday in VXX
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Post by theMist on Jun 30, 2017 10:26:04 GMT -5
S&P Hourly ChartIndicators curling up
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Post by theMist on Jun 30, 2017 10:29:44 GMT -5
VXX Hourly Chart VXX put in red hollow candle and VXX should drop to at least fill the body of that candle to 12.63ish Red hollow candles mean temporary bounce
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Post by theMist on Jun 30, 2017 10:51:11 GMT -5
VXX bear flag breaking out to downside VXX 12.72
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Post by ipath on Jun 30, 2017 11:09:25 GMT -5
Mist, I know it takes a lot of guts to stick with a losing trade.. with VXX it pays 99% of the time
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Post by theMist on Jun 30, 2017 11:14:36 GMT -5
VXX Daily VXX right at top of channel line and 10dsma is currently at 12.63 Would like to see VXX close back in that descending channel and below 10dsma Only issue I see is that lower BB that is tight underneath VXX all time lows VXX may be sidestepping it out of this descending channel How VXX closes today will be very important going forward for short term
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Post by theMist on Jun 30, 2017 11:18:33 GMT -5
VXX Hourly indicators just went bearish
We need VXX price to drop now and not staul
Chris, what do you have for drop rate?
VXX 12.67
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Post by walnut on Jun 30, 2017 11:42:59 GMT -5
I'm coming up with a .055 cent daily expected drop for vxx right now. OK, not real great
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Post by theMist on Jun 30, 2017 11:44:59 GMT -5
VXX needs to abolutely drop back into VXX 12.50 range
so far it stopped at 12.61
VXX above 10dsma I don't trust it and would like to see VXX below it -- 10dsma currently 12.64
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Post by walnut on Jun 30, 2017 11:49:10 GMT -5
Another crappy day
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