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Post by theMist on Mar 8, 2017 12:16:29 GMT -5
Just something to be mindful of
VXX Daily lower BB is currently at VXX 16.75 and is right around VXX all time low 16.76
we hit that lower BB and I take profits
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Post by lasvegas77 on Mar 8, 2017 12:27:20 GMT -5
Hey, what are you guys doing shorting without me for?
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Post by theMist on Mar 8, 2017 12:32:22 GMT -5
Hey, what are you guys doing shorting without me for? lol - you have to get up earlier from now on
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Post by lasvegas77 on Mar 8, 2017 12:34:25 GMT -5
LOL. I actually was up with the open today. I nearly got in with you guys but I hesitated too much. It was spiking back to 17.14 but i missed it so went back to bed. now it's a lot lower of course.
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Post by walnut on Mar 8, 2017 12:36:04 GMT -5
wow, contango over 15... makes me want to be patient with this short
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Post by theMist on Mar 8, 2017 12:38:45 GMT -5
wow, contango over 15... makes me want to be patient with this short VXX will bounce a little here and there but overall VXX should put in another test of all time low (VXX 16.76) -- at minimum IMO
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Post by lasvegas77 on Mar 8, 2017 12:38:50 GMT -5
I used to like to use tvix when it was a higher price but now it's almost a quarter percent difference on the spread vs the much tighter vxx margins.
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Post by theMist on Mar 8, 2017 12:41:55 GMT -5
I used to like to use tvix when it was a higher price but now it's almost a quarter percent difference on the spread vs the much tighter vxx margins. good one Las Vegas - I didn't think to notice that
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Post by lasvegas77 on Mar 8, 2017 12:45:01 GMT -5
If you are going for longer term it doesn't matter much. But lately im scalping.
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Post by walnut on Mar 8, 2017 12:45:32 GMT -5
I used to like to use tvix when it was a higher price but now it's almost a quarter percent difference on the spread vs the much tighter vxx margins. Yeah I know, as a percent it is just too much. That is why I asked Mist yesterday when it might reverse split.
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Post by lasvegas77 on Mar 8, 2017 12:46:46 GMT -5
They don't usually reverse split tvix until it's well below a dollar.
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Post by theMist on Mar 8, 2017 12:50:26 GMT -5
They don't usually reverse split tvix until it's well below a dollar. You would think they would want to keep up with TVIX's cousin UVXY. But not sure why Janus Capital (I believe used to be CS) waits so long to reverse split.
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Post by lasvegas77 on Mar 8, 2017 13:03:27 GMT -5
Shorted at 16.95
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Post by theMist on Mar 8, 2017 13:20:54 GMT -5
How much shares do you usually look to short?
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Post by lasvegas77 on Mar 8, 2017 13:22:19 GMT -5
15k
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Post by theMist on Mar 8, 2017 13:24:36 GMT -5
Now I know why you like to do quick scalps. 10 cent move in VXX is $1500 and not bad for a day's pay..
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Post by lasvegas77 on Mar 8, 2017 13:25:55 GMT -5
haha. yup.
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Post by walnut on Mar 8, 2017 13:27:23 GMT -5
I'm ready for that 10 cent move about now
VXX looks like it could drop any time on the chart
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Post by lasvegas77 on Mar 8, 2017 13:28:47 GMT -5
Always seems like an eternity waiting for ten cents when you are in. But when you are out, it is microseconds.
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Post by theMist on Mar 8, 2017 13:32:26 GMT -5
I'm ready for that 10 cent move about now VXX looks like it could drop any time on the chart As long as S&P stays calm like this, VXX will grind lower Also, VXX formed a bear flag. And VIX SCAMs should all retest their all time lows and even drop lower in short term. VXX chart still looks very bearish For today -- just keep eye on lower BB on VXX daily for possible bounce or close at that point (currently VXX 16.75) I'm now short 24,900 TVIX @ 4.16 avg VXX all time low 16.76, TVIX 4 VXX 16.92, TVIX 4.07
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