|
Post by walnut on Feb 22, 2017 11:29:24 GMT -5
I know, they should have. If there is a problem, the curve should begin looking odd.
|
|
|
Post by walnut on Feb 22, 2017 11:34:07 GMT -5
Call options are WAY overpriced to volatility and still make terrible hedges. But I wish we had a trick to beat this scam game once and for all.
|
|
|
Post by walnut on Feb 22, 2017 11:35:34 GMT -5
I think we need to find a way to sell the overpriced calls. That means hedging the short calls with a long VXX, and that needs to be sorted out carefully.
|
|
|
Post by theMist on Feb 22, 2017 11:35:54 GMT -5
Not good -- testing blue line
VXX rising with s&P. S&P is only down 3 and has been coming back
VXX 18.10
|
|
|
Post by walnut on Feb 22, 2017 11:38:18 GMT -5
17.50 calls are 50% overpriced relative to volatility.
there is 30 cents of premium in the money for the Mar 3 17.50's
|
|
|
Post by theMist on Feb 22, 2017 11:40:34 GMT -5
still hanging in there but I don't like the way VXX is trading upload pictures
|
|
|
Post by walnut on Feb 22, 2017 11:41:10 GMT -5
Selling overpriced calls, you are in the VIX insurance business selling overpriced policies to traders like us.
|
|
|
Post by walnut on Feb 22, 2017 11:42:02 GMT -5
No it is terrible, but maybe this is a bearish double top for the day? quote author=" theMist" source="/post/63198/thread" timestamp="1487781634"]still hanging in there but I don't like the way VXX is trading upload pictures[/quote]
|
|
|
Post by theMist on Feb 22, 2017 11:46:07 GMT -5
As much as this sucks to say -- VXX indicators on all timeframes (5, 15, H, Daily) bullish The usual rollover didn't happen. I was watching VXX 15 min indicators and looking for a rollover a half hour ago. Still time...so we'll see Just looking to get a quick scalp to the downside and take profits VXX 18.08
|
|
|
Post by theMist on Feb 22, 2017 11:49:09 GMT -5
No it is terrible, but maybe this is a bearish double top for the day? quote author=" theMist " source="/post/63198/thread" timestamp="1487781634"]still hanging in there but I don't like the way VXX is trading upload picturesIt could be double top. Would need move below VXX 17.85 to confirm. This is the 2nd attempt (spike) today and I'm hoping that VXX turns back down from that blue line (triangle). A lot of times volatility likes to triple spike. I really don't want to see the VXX HOD (currently VXX 18.16) get breached.
|
|
|
Post by theMist on Feb 22, 2017 11:51:38 GMT -5
This sharp rise higher in VXX usually is met with a hard drop back down. And spikes higher have been headfakes. In the past, always just a question when its starts to break down.
Gotta watch that FOMC minutes doesn't spook markets later. At some point, they're going to have to get more hawkish. I'm surprised they haven't by this point. I guess they're waiting on what Fiscal policies Trump is proposing.
VXX 18.07
|
|
|
Post by theMist on Feb 22, 2017 11:57:52 GMT -5
VXX still in steep rising green channel -- I'm hoping it breaks before EOD and VXX drops back down hard like the usual. We'll see... I don't want to see VXX make new HOD and I definitely don't want to see it rise above and close above 18.40. screen grab
|
|
|
Post by walnut on Feb 22, 2017 11:58:46 GMT -5
is that at 3 pm eastern?
|
|
|
Post by theMist on Feb 22, 2017 12:01:31 GMT -5
2pm EST -- will definitely have effect on markets
|
|
|
Post by theMist on Feb 22, 2017 12:07:27 GMT -5
BTW - we've always been able to just know where to short the SCAMs based on where S&P hits support.
And as of yesterday, that hasn't even worked.
Ya know playing DOOM looks real good on my 5 high Def monitors! lmao but not there yet
|
|
|
Post by walnut on Feb 22, 2017 12:08:16 GMT -5
I sold 20 contracts of March 3 18.50 calls for 50 cents
82% over valued based on volatility.
But that doesn't matter when the fireworks do start, due to the non normal returns curve.
If VXX takes off, I won't be afraid to buy 2000 to cover.
experiment with real money...
|
|
|
Post by theMist on Feb 22, 2017 12:18:24 GMT -5
Come on my babies! Double top for Walnut!! VXX 18.02
|
|
|
Post by theMist on Feb 22, 2017 12:21:27 GMT -5
Finally VXX 15 min indicators starting to roll VXX 15 min chart picture host
|
|
|
Post by walnut on Feb 22, 2017 12:22:29 GMT -5
Trying to sell some more overpriced options
|
|
|
Post by walnut on Feb 22, 2017 12:26:22 GMT -5
Sold 20 more contracts at .48
|
|