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Post by walnut on Oct 25, 2017 9:58:42 GMT -5
XIV long does worse than vxx shorts during periods of low/negative contango. So best not to hang around in it after a correction.
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Post by lasvegas77 on Oct 25, 2017 10:05:41 GMT -5
I covered here. This is a big hit and keeps getting bid higher on the vix. It's not acting normally. Contango is evaporating.
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Post by theMist on Oct 25, 2017 10:06:27 GMT -5
next support SP2547-50
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Post by lasvegas77 on Oct 25, 2017 10:09:59 GMT -5
anyways, i didn't sleep at all last night again and now have to go to Disneyland. I knew yesterday i shouldn't have traded with this disney thing in the way today.
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Post by walnut on Oct 25, 2017 10:11:55 GMT -5
Sorry LV
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Post by walnut on Oct 25, 2017 10:32:48 GMT -5
Contango essentially zero
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Post by theMist on Oct 25, 2017 10:33:23 GMT -5
VXX starting to rollover
but that roll yield, 1% contango not looking so good lol
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Post by walnut on Oct 25, 2017 10:36:21 GMT -5
Hope it comes back quick
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Post by theMist on Oct 25, 2017 10:56:23 GMT -5
VXX might be headed to 38-39 range
Not a good time to be short SCAMs with low roll yield, slight contango
watching VXX hourly -- vxx just tapped 200ema at 38.04 - hopefully will drop back now
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Post by walnut on Oct 25, 2017 11:04:01 GMT -5
Not liking the vix curve, could begin to flip. Hope things settle down quick
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Post by Herceg on Oct 25, 2017 11:11:46 GMT -5
I can see this picking up speed as the day wears on to the downside...........still underwater on my XIV short, but was only used as a hedge on my UVXY and TVIX shorts........Time will tell..........BOL to all...............
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Post by Herceg on Oct 25, 2017 11:13:59 GMT -5
In a perfect world would be to cover my XIV short with gain to use $$$ for more UVXY or TVIX shorts............wishful thinking but still hopeful..........
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Post by Herceg on Oct 25, 2017 11:15:50 GMT -5
2530 area of major support on my side for now...............
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Post by theMist on Oct 25, 2017 11:21:27 GMT -5
Good trading Birth
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Post by theMist on Oct 25, 2017 11:22:49 GMT -5
VXX Hourly Tagged 200EMA - still has gaps at 39.10, 42 range Question is does VXX drop back down or reach for those gaps
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Post by theMist on Oct 25, 2017 11:41:18 GMT -5
Need VIX SCAMs to drop back down hard now! VXX 38.42
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Post by lasvegas77 on Oct 25, 2017 11:42:25 GMT -5
Looks like covering early was the right move here. Warning bells were on the pre market vix climbing with the market going up though. Where’s does it end? No idea but with contango bad it can keep going. Also no roll yield left
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Post by theMist on Oct 25, 2017 11:43:39 GMT -5
Looks like covering early was the right move here. Warning bells were on the pre market vix climbing with the market going up though. Where’s does it end? No idea but with contango bad it can keep going. I agree LV - only have small 2500 short UVXY
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Post by walnut on Oct 25, 2017 11:54:39 GMT -5
The August "correction" took about a month to sort out, before tvix settled back into a major bearish move. Hope this is not that large.
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Post by theMist on Oct 25, 2017 12:05:13 GMT -5
The August "correction" took about a month to sort out, before tvix settled back into a major bearish move. Hope this is not that large. You mean the August correction from 10 years ago?
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