That is the green light to short China. Always do opposite of goldman recommendations.
It is a very interesting recommendation for an amazing country. Are you thinking a long term investment in China?
real estate bubbles (real estate is the only reliable asset)
90,000 riots per year (50 ethnic groups)
130:100 male youth to female youth ratio (thanks to a one-child policy)
want to buy some insurance that you'll be able to sell VXX for $42 next January?
That will cost you $32/share.
anybody betting VXX won't decay 75% this year?
what March puts are you selling now? The April $55 calls are around $1. getting rich on selling a contract for $100 takes thousands of contracts to make any money,and than you have to meet all the special margin requirements for naked puts/calls depending on your brokerage.
Sold 6 VXX next week OTM puts against VXX short.
Sold 5 VXX next week OTM calls.
10 VXX calls sold expired worthless.
10 VXX puts sold expired worthless.
ATHN: Closed short 4.5 sets.
OUTR: Closed short 2.5 sets.
DPZ: Shorted 2 sets.
DTV: Sold 5 Mar OTM calls.
Rolled 9 UNG deep ITM calls sold to next week.
Account some plus. Difficult week but account was holding up well. S&P flat but VXX is up $1, feel like something's brewing.
Seems the EU is being held in a vice with the Russian Oil.
Any cut in oil / gas would cripple further an already fragile EU economy.
And any problems in the EU, would adversely affect the US if only indirectly.
Russian Credit and Sanctions could hurt the Russian economy, but it will not keep them
from staying out of the Ukraine. Russia has lots of oil is the bottom line.
Shorts and those buying Puts are feeling the pain! Keep giving me free money! I should easily be able to take another few hundred thousand dollars from you next week too. Contango is like the tooth fairy it just doesn't exist!
Not even a good jobs number can get this back below $42. Wall Street is on my side and my side says VXX never goes below $42 today or even $40 for the rest of March!
Sold 10 VXX weekly OTM puts against VXX shares short.
OUTR: Closed short 2 sets.
UAL: Shorted 2.5 sets.
UNG is getting boring. It seems major speculators who caused volatility past a couple of month left UNG. Still hoping for one last spike before spring. Would be happy if it comes.
Earned my daily cut today both for VXX and non-VXX. I cannot ask for more.
Account little changed. Market made fresh ATH 4 out of past 5 trading days, was up 6 out of past 7 days, or 13 out of past 17 days. Truly amazing. With each additional ATH and up day, potential for down day increases. Just one decent down day, that's all I need now.
Over the last 3 weeks I have collected over $1 million in selling you people who believe in contango $40 and $42 Puts that have expired worthless. Thanks for the free money!
Contango isn't real but my $1 million is! Don't feel bad I also sold some naked $55 calls to a couple fools on this message board.