|
Post by theMist on Jul 7, 2017 12:26:25 GMT -5
I covered the TVIX short I was holding, now thinking to copy you and go long into the close It's not an easy trade to go long the SCAMs. Swings can be enormous and majority of time spikes are nothing more than speed bumps. Far better to just short the spikes IMO They also might be saving a gap down in the markets for Monday if markets don't dump into the close Reason why I'm leaning more bearish lately (and I may be a little early) is that SP feels toppy over 2400 and to hold out for SP 2468 IMO is not worth the risk /reward but can still hit that target To be bullish for long term at these levels not worth it IMO I should add that I still see volatility counter trending up
|
|
|
Post by theMist on Jul 7, 2017 12:36:39 GMT -5
S&P Hourly Chart These swing are intense. Even the bounce today off low SP2400 support. The rise today never even consolidated below resistance or never consolidated just under 200ema and at some point it has to backtest that 200ema now that it is above it I still say they sell this RIP - just not sure at what point However, if Bulls can get S&P back over that white descending resistance line and break pattern of lower highs that would bode well for markets
|
|
|
Post by theMist on Jul 7, 2017 12:46:46 GMT -5
Walnut - did they suck all the premiums out of VXX options by now?
|
|
|
Post by walnut on Jul 7, 2017 12:48:02 GMT -5
Walnut - did they suck all the premiums out of VXX options by now? Actually yes, they have begun to fall some.
|
|
|
Post by theMist on Jul 7, 2017 12:50:41 GMT -5
Walnut - did they suck all the premiums out of VXX options by now? Actually yes, they have begun to fall some. Good -- maybe now VXX can rise into the close we'll see... watching for S&P potential topping candle as well
|
|
|
Post by walnut on Jul 7, 2017 12:52:26 GMT -5
Actually yes, they have begun to fall some. Good -- maybe now VXX can rise into the close we'll see... watching for S&P potential topping candle as well It would help me make accurate conclusions if VXX would get to 13 so I can know a few absolute facts based on 13 strike price. I'm sure that you would not like to see that though
|
|
|
Post by walnut on Jul 7, 2017 12:55:25 GMT -5
VXX option implied volatility (options prices) is down almost 15% today
|
|
|
Post by theMist on Jul 7, 2017 13:02:51 GMT -5
Good -- maybe now VXX can rise into the close we'll see... watching for S&P potential topping candle as well It would help me make accurate conclusions if VXX would get to 13 so I can know a few absolute facts based on 13 strike price. I'm sure that you would not like to see that though Can you draw conclusions with a VXX 14 strike price with VXX at 14? lol just kidding of course
|
|
|
Post by theMist on Jul 7, 2017 13:04:33 GMT -5
So what do we call this guy? The dancing, boxing, chicken?! lol
|
|
|
Post by walnut on Jul 7, 2017 13:05:29 GMT -5
It would help me make accurate conclusions if VXX would get to 13 so I can know a few absolute facts based on 13 strike price. I'm sure that you would not like to see that though Can you draw conclusions with a VXX 14 strike price with VXX at 14? lol just kidding of course Ha ha not really, vega would have options prices jacked up to abnormal levels
|
|
|
Post by theMist on Jul 7, 2017 13:18:05 GMT -5
It's time to Release the Kraken on the markets!! lmao
|
|
|
Post by theMist on Jul 7, 2017 13:50:47 GMT -5
CNBC just said Gold sinking to 4 month low
looks like good trade Martin
|
|
|
Post by walnut on Jul 7, 2017 13:57:46 GMT -5
Looks like that spread could be closed for .50
|
|
|
Post by theMist on Jul 7, 2017 14:05:00 GMT -5
The Kraken might be arriving now
Was a long swim to shore lol
|
|
|
Post by walnut on Jul 7, 2017 14:10:04 GMT -5
So far this bear has under-impressed.
|
|
|
Post by theMist on Jul 7, 2017 14:21:00 GMT -5
lmao Walnut
BTW - The Kraken was spotted off the coast of Long Island. He's making his way to Wall Street and swimming through heavy polluted sludgy waters
Might arrive some time next week lol
|
|
|
Post by walnut on Jul 7, 2017 14:28:21 GMT -5
lmao Walnut BTW - The Kraken was spotted off the coast of Long Island. He's making his way to Wall Street and swimming through heavy polluted sludgy waters Might arrive some time next week lol Maybe Godzilla will come save us
|
|
|
Post by theMist on Jul 7, 2017 14:31:46 GMT -5
Godzilla!!
|
|
|
Post by theMist on Jul 7, 2017 14:59:25 GMT -5
S&P Hourly Chart S&P gets out of the channel to UPSIDE on Monday and that would be bullish They gap down S&P on Monday and it retests today's lod and not good
|
|
|
Post by theMist on Jul 7, 2017 15:01:31 GMT -5
they jammed price action to upside little more than I thought they would and was all day and stuck the move
Let's see how Monday plays out
VXX still above 20dsma and until gets back below it still dangerous IMO
talk to you guys later -
|
|