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Post by lasvegas77 on Aug 9, 2017 11:18:42 GMT -5
shorted 8780 shares of tvix at 17.05.
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Post by walnut on Aug 9, 2017 11:22:43 GMT -5
Hmm that trade does not sound like a strangle, may be some other complex position. I have learned to tune out when CNBC starts talking about options, their skills are primitive. Including the Najarans. Nothing but speculative bets with overpriced hedges
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Post by walnut on Aug 9, 2017 11:27:55 GMT -5
Not that my skills are any better. Only time I made money was buying long term calls on high flying tech stocks just like everyone else. No special tricks ever seemed to work.
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Post by ipath on Aug 9, 2017 11:35:18 GMT -5
yesterday when I checked VXX call options there were at least 10 time more expiring next week than this weeks. there were roughly 200k contracts at strike of 13 and 15 each.. as much as I remember
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Post by walnut on Aug 9, 2017 11:41:27 GMT -5
VXX drop not happening very fast yet??
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Post by ipath on Aug 9, 2017 11:51:57 GMT -5
I sold half of my TVIX positions at 17.65 earlier and was hoping to get them back if it goes red but didn't get there. Didnt really make money that was right below my average as I got in too early. But it looks like I will get a chance to average down  |
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Post by ipath on Aug 9, 2017 11:55:35 GMT -5
SPY, 20170901, 244, PUT, Option, current 1.36
I kept averaging down on these, yesterday I got some for .75c, they dropped 3more cents to .72c
my average so far 1.26.. today I saw them going to 1.80ish
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Post by theMist on Aug 9, 2017 12:13:30 GMT -5
shorted 8780 shares of tvix at 17.05. Hang in there LV Not greatest of avgs but buyers step in and TVIX should drop back to lod I'm still short VXX in trading account as well -- and I sold VXX long in IRA |
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Post by lasvegas77 on Aug 9, 2017 12:19:19 GMT -5
shorted 8780 shares of tvix at 17.05. Hang in there LV Not greatest of avgs but buyers step in and TVIX should drop back to lod I'm still short VXX in trading account as well -- and I sold VXX long in IRA That was a pretty nasty comeback. |
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Post by theMist on Aug 9, 2017 12:25:50 GMT -5
I was going to cover when VXX closed morning gap and flashed red
Missed it by 4 cents and bounced off moving avg (20EMA on 15 min)
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Post by lasvegas77 on Aug 9, 2017 12:27:18 GMT -5
Tvix needs to get under 17.40 to get under the rising trend line for the last few hours.
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Post by walnut on Aug 9, 2017 12:27:34 GMT -5
It's been whipsaw Wednesday since yesterday after hours. Glad I stayed out, I'm not smart enough to beat days like that
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Post by ipath on Aug 9, 2017 12:32:22 GMT -5
if the NK situation escalates it will get really nasty.. but chances are it wont. Either way takes balls to be short scams at this point
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Post by theMist on Aug 9, 2017 12:49:02 GMT -5
if the NK situation escalates it will get really nasty.. but chances are it wont. Either way takes balls to be short scams at this point For overnight long term I agree -- especially if Trump decides to launch surgical strike scalping OK IMO |
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Post by ipath on Aug 9, 2017 12:52:35 GMT -5
I am not saying its the wrong thing to do I am just saying it takes cajunas as you say But on the other hand if you can watch them and babysit them it is ok. The question is what percentage of the short traders think same as you when it comes to keeping overnight position. Will they start covering in the final hour |
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Post by walnut on Aug 9, 2017 12:54:54 GMT -5
shorted 8780 shares of tvix at 17.05. I really thought that this was going to be a good trade at the time. |
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Post by walnut on Aug 9, 2017 13:03:41 GMT -5
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Post by walnut on Aug 9, 2017 13:06:41 GMT -5
Probably might be a double top on the scams and then back down.
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Post by walnut on Aug 9, 2017 13:29:08 GMT -5
tapped the double top, now needs to drop for real
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Post by theMist on Aug 9, 2017 13:32:08 GMT -5
VXX blasting off
Amazing how it just floated higher and markets really didn't budge much
got out from trading account
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