Didn't let the second opportunity slip by on Thursday. We will see if it holds. Regardless, I'm comfortable starting a long position with a $46 basis in the April contract.
Same here, tried to sell USO puts when it broke 18 after inventory report, but it went right back up in a flash. Your call on VXX bubble pop the other day was good. Good Luck Trading..
Tried to sell some bull put spreads yesterday on USO - got the trade on too late after it was back above 18 so I missed the target. Still enough vol in these names to play the option side as a cheaper way into the long side.
XIV trade was up 13% at one point - the curve still favors a crushing of these vol products over the coming weeks.
Closed 2K VXX shares short. Maybe, should have closed more.
Sold 5 SBUX Mar/end ITM calls.
Sold 5 FSLR next week ITM calls.
CRM is flying after earnings. Looking to sell some CRM fat calls tomorrow.
USO, UNG price move is getting boring. Maybe they have seen the bottom, but still waiting for lower price.
Closed just 1K VXX shares short. First VXX share short close in a long time. Would be nice if VXX goes down to touch the last low.
Sold 5 FSLR weekly OTM calls. Thought earning was over in the morning seeing the big gap up, so sold fat calls. But, earning was after close and luckily didn't move much.
Bought 1K JNUG. Was betting on dovish comment from Yellen but didn't move much. Not a fan of leveraged ETF long, just wanted to try out.
I'm thinking the VX bubble pops tomorrow, then some more next week. Futures held today, even if the index was effectively down (especially after accounting for the weekend which always provides a boost to the index - VIN was down today even with the weekend effect.)
We are due for some in-line numbers for jobs and that will be enough to get those on Fed watch to buy stocks.
This is shaping up to another crushing spring for VXX.
It's boring, but I'm long XIV now and looking for 20% over the next 6 weeks.
VXX will probably be cut in half, then cover short, and then VXX double and then short again more. LOL. Tempted? Just teasing. So don't bet on VXX being cut to half anytime soon.
VXX has been strong for the past couple of month. I guess we will know whether it's the precursor to a larger spike or a failed attempt at that. This time spike lasted unusually long, and that have me concerned, something that didn't happen for a long time just happened.
Not a chance, and I don't mean that as hyperbole- I mean literally it cannot happen unless the printing presses over in DC break down.